The world’s first nationwide 5G networks went live in South Korea earlier this year, and it is anticipated that 24 Asia Pacific markets will have launched 5G by 2025.
It is forecast that 28 per cent of China’s mobile connections will be running on 5G networks by 2025, accounting for about a third of all 5G connections globally by that time.
“Although 4G still has plenty of headroom for growth across Asia, operators in the region are now investing billions in building-out advanced 5G networks that are facilitating an array of new services for consumers, transforming industry and manufacturing, and driving economic growth.
“As 5G becomes a reality, we call on governments and regulators in the region to actively shape a favourable business environment that encourages investment in advanced networks and allows operators to extend next-generation digital services to all Asia’s citizens.”
A report, “The Mobile Economy, Asia Pacific 2019” by GSMA Intelligence, forecasts that mobile operators will invest US$574 billion (capital expenditure) on new networks between 2018 and 2025, with US$370 billion to be spent on 5G networks.
Julian Gorman, head of Asia Pacific at GSMA said that in 2025 around 1.4 billion people around the world will be connected or subscribed with 5G connections and around 50 per cent of the total subscribers will be in China.
Huawei has launched commercial 5G networks in a couple of countries, including South Korea, the UK, and Switzerland.