Riding the 5G Wave: Global Surge to 8 Billion Subscribers by 2028

The exponential growth and global adoption of 5G technology have sparked a technological revolution that shows no signs of slowing down. As we delve into the statistics and projections, it becomes evident that the number of 5G subscribers is set to soar, reaching unprecedented heights by 2028.

The Current State of 5G Connections

With the year drawing to a close, expectations are high as the total number of 5G connections is projected to reach nearly 2 billion. Looking at the data from Omdia, the first half of the year witnessed an impressive 331 million new global 5G connections, underscoring the rapid pace of adoption. This surge emphasizes the transformative power of this technology.

5G Adoption in North America

As of the second quarter, North America boasts a staggering total of 151 million 5G connections and 496 million LTE connections. Moreover, the 5G penetration rate in the region has reached 40%, signaling the widespread acceptance and usage of this technology. Impressively, North America observed a growth rate of 25.5% in the first half of 2023, highlighting the region’s commitment to embracing 5G technology. Projections indicate that North America’s 5G connections will swell to a staggering 669 million by 2028.

Advancements and Implications of 5G Standalone in North America

A significant development in the region is the deployment of 5G Standalone by North American operators. This cutting-edge technology brings forth advancements like network slicing, ultra-reliable and low-latency communications, and massive machine-type communications. These advancements are set to greatly impact various industries, propelling further growth with this new generation of technology.

Growth of 4G LTE in Latin America and the Caribbean

While 5G continues to make strides globally, Latin America and the Caribbean focus their attention on the robust growth of 4G LTE networks. In Q2 2023, the region boasted an impressive 565 million 4G LTE connections, demonstrating a quarterly growth rate of 1.6%. This showcases the reliability and demand for high-speed internet in the region.

The future of 5G in Latin America and the Caribbean

Latin America and the Caribbean are not falling behind in the global 5G wave. Projections reveal that the region’s 5G connections are poised to skyrocket to 501 million by the end of 2028. This remarkable growth reflects a steep rise from the existing 62 million connections as of the end of 2023. It is evident that the region recognizes the potential of 5G technology as a catalyst for future innovation and progress.

The global surge of 5G technology is transforming the way we connect and interact with the world around us. With projections indicating a staggering 8 billion 5G subscribers worldwide by 2028, its significance cannot be overstated. From the rapid adoption in North America to the robust growth of 4G LTE networks in Latin America and the Caribbean, regions across the globe are embracing the potential of 5G. As we move forward, it is clear that 5G technology will continue to fuel innovation, revolutionize industries, and shape the future of communication and connectivity.

Explore more

Why Should Leaders Invest in Employee Career Growth?

In today’s fast-paced business landscape, a staggering statistic reveals the stakes of neglecting employee development: turnover costs the median S&P 500 company $480 million annually due to talent loss, underscoring a critical challenge for leaders. This immense financial burden highlights the urgent need to retain skilled individuals and maintain a competitive edge through strategic initiatives. Employee career growth, often overlooked

Making Time for Questions to Boost Workplace Curiosity

Introduction to Fostering Inquiry at Work Imagine a bustling office where deadlines loom large, meetings are packed with agendas, and every minute counts—yet no one dares to ask a clarifying question for fear of derailing the schedule. This scenario is all too common in modern workplaces, where the pressure to perform often overshadows the need for curiosity. Fostering an environment

Embedded Finance: From SaaS Promise to SME Practice

Imagine a small business owner managing daily operations through a single software platform, seamlessly handling not just inventory or customer relations but also payments, loans, and business accounts without ever stepping into a bank. This is the transformative vision of embedded finance, a trend that integrates financial services directly into vertical Software-as-a-Service (SaaS) platforms, turning them into indispensable tools for

DevOps Tools: Gateways to Major Cyberattacks Exposed

In the rapidly evolving digital ecosystem, DevOps tools have emerged as indispensable assets for organizations aiming to streamline software development and IT operations with unmatched efficiency, making them critical to modern business success. Platforms like GitHub, Jira, and Confluence enable seamless collaboration, allowing teams to manage code, track projects, and document workflows at an accelerated pace. However, this very integration

Trend Analysis: Agentic DevOps in Digital Transformation

In an era where digital transformation remains a critical yet elusive goal for countless enterprises, the frustration of stalled progress is palpable— over 70% of initiatives fail to meet expectations, costing billions annually in wasted resources and missed opportunities. This staggering reality underscores a persistent struggle to modernize IT infrastructure amid soaring costs and sluggish timelines. As companies grapple with