With the pace seen in bringing 5G coverage to its consumers, it has been estimated that the network would grow significantly and reach as much as 253.84 percent of growth by the year 2025. This marks close to 4.1 billion of total worldwide consumer reach as confirmed by the research conducted by Bankr, a finance-based comparison website.
As per estimates, this is a total of 53 percent of the total world population. This growth has been projected to be initiated with the end of the year 2020. In case you wonder how fast the new 5G network would be, you can use the SpeedCheck platform to know the exact speed.
As we near the end of 2020, about 1.17 Billion consumers or 15 percent of the global population would get quick access to this technology. Not just that, the report mentioned that 25 percent of global consumers would have 5G coverage by the year 2021.
These calculations were made by Bankr with the use of its regional population & territory distribution database coupled up with the population density chart. All this was combined with the proprietary data acquired present on the Ericsson’s RBS or Radio Base St ation
The increasing realization that the 5G technology is capable of so much more than 4G has led to the continuity of the existing momentum and give it the much-needed boost. The switch from 4G to 5G would be rather faster on a global scale.
The existing 5G coverage build-out has been divided into aspects such as new bands radio deployments in the high-quality sub-4GHz range. Apart from this, the deployment would be in the existing LTE as well as millimeter-wave bands. Further, the study also noted that this 5G technology growth was actually being driven via several aspects, especially given the rise in the ever-increasing traffic for internet use.
This is especially true for the increased use of the IoT or Internet of Things. Now, this surge demands a resilient network & Bankr mentioned that the 5G network brings in the potential to accommodate this increasing demand. The website also added that this faster network can perfectly satisfy the growing appetite for new and high-speed broadband.
The study also stressed that the combination of responsiveness, reach, and speed brought in by 5G has all the capabilities to unlock different technological trends trying to enter the market. By looking at the roll-out date, the website even argued that this latest access to the 5G tech was the culmination of clear consensus with regard to the network pitched in by the latest market players for broadband services.
The coverage has been told to be significant. However, the network was being operated only by some popular service providers in regions such as Europe, United States, as well as Asia. As of the latest reports, Asia has been marked as the leader in the 5G network incorporation after it underwent a massive mobile broadband migration & saw an inflow of smartphones with better features.