According to the latest market study by Juniper Research, global annual network operator billed revenues from 5G connections will approach $300 billion by 2025, rising from $894 million in 2019. This represents an average annual growth of 163 percent in its first six years of operation.
Combined, IDC expects the total 5G and 5G-related network infrastructure market (5G RAN, 5G NG core, NFVI, routing and optical backhaul) to grow from approximately $528 million in 2018 to $26 billion in 2022 — that’s a compound annual growth rate (CAGR) of 118 percent.
Savvy CIOs and CTOs at communication service providers are busy developing comprehensive strategies for the application of cognitive systems that enable new types of automation. The market leaders are currently engaged in numerous pilot and production projects that are a catalyst for further innovation.
Demand for Internet of Things (IoT) devices continues to grow. Berg Insight released new findings of the market for cellular IoT gateways, routers and modems. About 3.2 million cellular IoT gateways were shipped globally during 2017 — that’s an increase of 22 percent from the previous year.
Advances in both the consumer and business technology sectors have driven the adoption of mobile internet access and associated service delivery. Applications of mobile devices — by customers, business partners, or employees — delivers unprecedented access to information, improved collaboration, and increased productivity.
According to the U.S. Bureau of Labor Statistics, 5G technology could trigger, by 2026, a more than 30 percent rise in demand for application developers and similar increases in demand for skilled and experienced cybersecurity analysts.
via Korn Ferry
Worldwide spending on traditional hardware, software, services, and telecommunications is on course for growth of 3.7% this year in constant currency – that’s slightly down from last year’s 4.2% growth, and will reach $4 trillion in 2018, according to the latest findings from IDC.