Internet of Everything (IoE) will push 5G adoption to 240 million users by 2025, rising three fold after 2024.
The 5G adoption rate will accelerate from 2025 onwards, but the adoption rate will have limited global reach, with only 3% of global mobile connections.
According to a study by Juniper Research, 5G will have several advantages including higher data rates, longer battery life and greater user/device support.
The advantages will facilitate creation of new connected service applications and devices.
According to the Juniper, 5G will be the subject of the most complex set of standardisation activities in the coming five years before it first rolls out of commercial services in 2020.
According to ‘5G Market Strategies’ report, addressing spectrum issues including timing and cost would be critical factor in the success of 5G.
While the frequency bands have not been confirmed yet, it will play an important role in deciding the speed of 5G roll-outs.
5G Market Strategies research author Nitin Bhas said: "It is critical to 5G’s success that the most feasible and appropriate spectrum bands are assigned, not only to support existing high bandwidth and capacity requirements, but also the wide ranging devices and applications contributing towards the Internet of Everything."