5G's commercial growth has shown considerable acceleration, with an expected 2.25 billion connections by the end of 2024, vastly exceeding LTE's early growth. The global mobile ecosystem reflects this expansion, with an average of 1.5 connections per person. Future predictions estimate 8.3 billion 5G connections by 2029, accounting for 59% of global wireless technology. Notably, North America has achieved parity in commercial 5G and LTE networks, a trend supported by investments and innovation in various technology sectors, including AI and IoT, which also saw significant growth in connectivity.
5G technology is set to reach 2.25 billion connections globally by the end of 2024, outpacing prior wireless generations and reflecting rapid adoption.
The 5G sector is expanding four times faster compared to LTE when it reached 500 million connections in 2014, showcasing a tremendous growth trajectory.
Forecasts suggest that by 2029, 5G connections could soar to 8.3 billion, making up 59% of all global wireless technologies and further driving connectivity.
North America leads in 5G deployment with parity between 5G and LTE networks, driven by significant industry investment and innovation.
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