The number of 5G subscriptions is forecast to reach 2.6 billion worldwide by the year 2026, a huge jump from the 264 million subscribers in 2020.
According to New York-based ABI Research, China has managed to become the leader in the 5G market via aggressive research and investment on wireless technology. The Asian superpower is estimated to comprise two-thirds of today’s 5G subscriptions.
At a distant second is the United States with 50 million subscribers, with Japan and South Korea trailing behind. With the continued rise in 5G smartphone adoption, ABI Research expects the number of subscriptions to reach 507 million by the end of 2021.
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As it is, high-def video consumption is attributed to be a major factor in improving mobile speeds. However, ABI Research also expects mobile operators to take advantage of the ever-increasing speeds of 5G technology for other data-heavy services, including applications in augmented and virtual reality.