Rising Adoption of 5G Services

The global 5G services market size was valued at USD 41.48 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 46.2% from 2021 to 2028.

This article is all about the evolution of our technology from 1G to 5G. If we go by the latest report on the 5G services market of Grand View Research, this market stood at USD 41.48 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 46.2% from 2021 to 2028. 5G belongs to the next-gen technology sector where one of the most driving factors has been the growing demand for high-speed data connectivity for unified Internet of Things (IoT) applications, such as smart home energy management.

5G technology was the first launched by three South Korean companies namely LG Uplus, KT, and SK Telecom in the month of March 2019 in their country itself. Since then, 5G has been rolled out in 60+ countries such as China, United States, U.K., and Spain to name a few.

Related Press Release@ 5G Services Market Size Worth $664.75 Billion By 2028 

How 5G is better?

5G will be faster than 4G in many ways:

• Low latency than 4G
• More security and regulations
• Increased spectrum
• Better connection density
• High speed
• Increased Traffic Capacity
• More efficient network

Read More @ A Journey from 1G to 5G �" The Evolution of Technology