Credit from Statista
April will see the first areas in the world receiving 5G coverage and the new mobile internet service is eagerly awaited for a reason.
Both peak and regular use download speeds as well as other specs of the new service dwarf existing 4G/LTE specs. The service also offers improved latency (the lag from giving an order to a device and the carrying out of that order), bandwidth and a much higher number of simultaneous carriers. This improvement is especially crucial for the development of services like autonomous driving and the like.
Where exactly the new service will be rolled out first is up in the air still. South Korean mobile providers were planning to roll out the world’s first 5G network service by mid-April. Since U.S. provider Verizon has announced that it wants to launch its 5G offering on April 11, Korean providers have been scrambling to move their date forward.
While it’s unsure who’s going to win the race for first 5G provider, both services will be rolled out to a limited urban customer base and will come at a price tag. KT Corp. meanwhile said that it was planning to build 30,000 5G network stations across South Korea, making 5G available in 85 cities by the end of the year.
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The Mobile Economy 2019
Revenue growth is returning after a difficult 2017, largely due to mobile operators aggressively pursuing new incremental revenue opportunities in content, IoT and 5G. Overall, the global revenue outlook remains positive, with an annual average growth rate of 1.4% between 2018 and 2025.