The 5G economy study stated that by 2035, the entire world would understand the huge potential and benefits of 5G as it is expected to have a positive impact on various industrial sectors. It is likely to produce up to 12 trillion dollars worth of goods and services.
In India alone, 5G is expected to push the economy to 1 trillion dollars in
the coming years; at the same time, a potential game-changer with an ability
to offer an economic growth to more than one trillion dollars by 2035. The
success of 5G requires huge global investments, which is speculated to
surpass 3.5 trillion dollars between 2020 and 2035.
The overall expenditure on 5G is expected to reach 88 billion dollars by 2023, according to Heavy Reading's Mobile Operator 5G Capex. The statistics above display the expected global yearly growth of investment in the telecommunication industry from 2019 to 2023. IDC expects the total 5G and LTE router/gateway market to grow by 3 billion dollars in 2024 worldwide, at a compound annual growth rate (CAGR) of 21.2 per cent. IDC projects the number of 5G connections to grow by 1.01 billion in 2023.
The overall expenditure on 5G is expected to reach 88 billion dollars by 2023, according to Heavy Reading's Mobile Operator 5G Capex. The statistics above display the expected global yearly growth of investment in the telecommunication industry from 2019 to 2023. IDC expects the total 5G and LTE router/gateway market to grow by 3 billion dollars in 2024 worldwide, at a compound annual growth rate (CAGR) of 21.2 per cent. IDC projects the number of 5G connections to grow by 1.01 billion in 2023.
Yash further adds, "The domestic
SG mobile phone market is still
expected to be below 50 million dollars
mark in 2020. There is still a long way
to go to have a mature ecosystem for
justifying the CAPEX investment by operators. Jio, in its current shape and
form, with all PE investments, is best
poised to take a lead in the 5G space
but it could only happen with the best
mix of B2B and B2C/B2B2C models.
As for any technology generation to
succeed, there needs to be a timely push
and a timely pull from the regulatory
department in the right direction, and
that's what India needs."
However, initially, 5G applications and software will require a considerable amount of funding by the government. The 5GHLF has recommended an all-encompassing planning estimate of 39.34 million dollars in the first year, 52.45 million dollars in the second, 65.57 million dollars in the third, and 52.45 million dollars in the fourth year. A few roadblocks and challenges need to be addressed for 5G to become a resounding reality."
However, initially, 5G applications and software will require a considerable amount of funding by the government. The 5GHLF has recommended an all-encompassing planning estimate of 39.34 million dollars in the first year, 52.45 million dollars in the second, 65.57 million dollars in the third, and 52.45 million dollars in the fourth year. A few roadblocks and challenges need to be addressed for 5G to become a resounding reality."
