HONG KONG--(BUSINESS WIRE)--Capital investment in telecommunications is expected to reach US$383 billion globally in 2019, according to global market research company Euromonitor International. With more households willing to pay and acquire telecommunications equipment and infrastructure, Euromonitor expects that mobile internet subscribers will exceed 11 billion in 2029.
Euromonitor shared today insights on opportunities and challenges of the hyped 5G technology at Global Sources Electronics Show held in Hong Kong. While 82% of the world population were covered by at least a 4G network in 2018, 5G has been gradually rolling out and is expected to be commercially launched in 2020.
“The technology does not just serve as mobile operator network,” says Loo Wee Teck, global head of consumer electronics research at Euromonitor International. “5G will be the catalyst for IoT adoption, smart city initiatives, and autonomous driving and drive growth for businesses,” he added.
While 5G will be the next-generation standard of networks and has been touted as the game-changing technology in offering enormous commercial and economic benefits and narrowing the digital divide, how will this technology help with the growth of different businesses?
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About Euromonitor International
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