User-linked mobile 5G connections are set to grow from 5 million in 2019 to 577 million in 2023, according to a report from Strategy Analytics. The “Worldwide Cellular User Forecasts 2018-2023” report predicts that 5G adoption will follow a comparable path to that seen by 4G LTE, but warns that there is limited growth left in connectivity revenue for service providers, according Telecompaper. In fact, Strategy Analytics estimates that wireless service revenue will peak in 2021 at USD 881 billion, just 3 percent above the level forecast for 2018. It adds that there will be 9.0 billion user-linked subscriptions to wireless services by 2023, up from 7.7 billion today.
The report also points out that prior to the launch of 5G services, there is considerable time for 4G LTE platforms to evolve though LTE-Advanced and LTE-Advanced Pro technologies. Combined, these technologies will account for more than half of all 4G LTE connections by mid-2018 and hit 2 billion connections by year end.
