In this article, we look at the most advanced locations for 5G technology. If you want to know more countries, The 15 countries with the most advanced 5G technology.
Global 5G surge: Market leaders, economic impact and future outlook
According to the search results, the global 5G services market size is valued at approximately $101.04 billion in 2022 and is expected to reach $897.98 billion by 2032, growing at a CAGR of 24.4% during the forecast period 2022-2032. South Korea and the United States have been pioneers in 5G deployment, with South Korea boasting the world’s highest download speed at an average of 129.7Mbps as of the end of 2021.
In Europe, countries such as Finland, Switzerland, the UK and the UAE have seen significant increases in download speeds due to the availability of ample new 5G spectrum. However, markets that arrived to 5G later or have limited radio spectrum capacity dedicated to 5G, such as Malaysia, New Zealand, the Czech Republic and Singapore, are lagging behind in the download speed rankings.
5G is poised to revolutionize the healthcare industry by enabling advanced applications such as remote surgery, telemedicine, and real-time health monitoring. According to PwC analysis, healthcare applications could contribute $530 billion to global GDP by 2030, making it the largest sector to benefit from 5G. The cumulative impact of 5G across these sectors could reach $1.3 trillion in global GDP by 2030, according to PwC analysis. Similarly, an Oxford Economics report commissioned by Qualcomm found that 5G integration using mmWave spectrum could boost global productivity by 1.7% of global GDP in 2030, which would be equivalent to 10% of global GDP growth during this period.
US 5G Market Growth: Verizon, AT&T, T-Mobile Lead the Way to a $385B Future
The United States is at the forefront of 5G adoption, with major telecommunications carriers such as Verizon Communications Inc. (NYSE:VZ), AT&T Inc. (NYSE:T) and T-Mobile US, Inc. (NASDAQ:TMUS) leading the way. According to search results, the U.S. 5G technology market is projected to reach a massive value of $385.1 billion by 2033, with absolute dollar growth reaching $378.9 billion.
Verizon Wireless, the wireless division of Verizon Communications Inc. (NYSE:VZ), Largest US wireless carrierThe company is investing heavily in building and maintaining a robust nationwide network, providing 4G LTE and 5G coverage to millions of customers across the country. As of the first quarter of 2024, Verizon’s 5G Ultra Wideband network covers more than 95 million people across the United States. The company is also expanding its 5G Home Internet service, which uses 5G technology to provide high-speed broadband Internet access to homes. In the first quarter of 2024, Verizon Communications Inc. (NYSE: VZ) reported its best-ever quarterly performance in fixed wireless net adds, gaining 151,000 new subscribers. In the first quarter of 2024, the company reported total revenues of approximately $33 billion, up slightly 0.2% year-over-year. Despite the revenue growth, Verizon’s adjusted earnings per share (EPS) declined slightly to $1.15 in the first quarter of 2024 from $1.20 in the same period last year.
Similarly, AT&T Inc. (NYSE:T) A major US telecommunications company. AT&T First U.S. company to deploy standards-based mobile 5G services In December 2018, the company launched 5G services in parts of 12 cities, including Atlanta, Dallas, Houston, and San Antonio. The company has since expanded its 5G rollout, with plans to reach 200 million people in 2023 with faster mid-band 5G. Additionally, AT&T Inc. (NYSE:T) is partnering with organizations such as the Lawrence J. Ellison Institute to explore the potential of 5G and edge computing in areas such as 3D tumor imaging and personalized patient experiences. AT&T has more than 20 million fiber-optic internet locations and plans to reach 30 million by 2025. The company reported revenue of $30 billion in the first quarter of 2024, down 0.4% year over year.
Finally, T-Mobile US, Inc. (NASDAQ:TMUS) Strongest 5G signalT-Mobile’s low-band 5G network provides broad coverage to more than 330 million people, or 98% of the U.S. population. It also offers faster speeds than 4G LTE and better indoor penetration. T-Mobile US, Inc. (NASDAQ:TMUS) is expected to add 1.8 million net customers in the third quarter of 2023, of which 1.1 million are postpaid net customers. In the first quarter of 2034, the company reported net income of $2.4 billion, up 22% year over year.
Expert technicians use specialized tools to maintain the latest 5G cell towers.
Our Methodology
In our methodology, The cutting edge of 5G technology Based on 5G availability in these countries in 2023. We rely on Opensignal Limited for data accuracy.
Please note that the criteria in this article are to show how practically advanced each country is in implementing 5G technology, and do not take into account research and development of 5G technology.
The cutting edge of 5G technology
1. Puerto Rico
5G availability: 48.4%
Puerto Rico is A place at the forefront of 5G technology, Although it is not a country in the traditional sense.In February 2024, T-Mobile announced it would expand its 5G home internet service to Puerto Rico, providing customers with high-speed internet access over its 5G network. The service is available for $50 per month with autopay and eligible voice lines, no taxes, monthly fees or equipment costs. To further encourage adoption, T-Mobile is offering a 15-day worry-free trial and will pay up to $750 to cover early termination fees by other internet service providers.
If you want to know which other countries are most advanced in 5G technology, check out the list below. The 15 countries with the most advanced 5G technology.
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Disclosures: None: The 15 most advanced countries for 5G technology Originally published on Insider Monkey.
