The next generation of wireless is here, and several countries are locked in a fierce battle for the top spot in global 5G development. By 2020, more than one-fifth of the world’s countries will have launched 5G services.
Securing global 5G leadership is a national priority for many countries because the winner is expected to secure more than a decade of competitive advantages. The spread of 5G is pivotal for the connected world its technical upgrades will supercharge adoption of trans formative technologies and strengthen the value of old ones, Business Insider reported.
Now, as 5G takes center stage in the developing world, emerging markets have been making a concerted effort to prepare for the transition to the next-generation network.
5G will serve as the backbone of the fourth industrial revolution, and the global pacesetter for the new standard could become the same for connected technologies. All told, 5G technologies are expected to contribute $2.2 trillion to the global economy over the next 15 years.
According to Business Insider, India, Brazil, and Mexico, the three nations leading the 5G revolution in the developing world. These regions are among the world’s fastest-growing and largest mobile markets, and they’re expected to be among the first developing markets with widespread 5G availability, with anticipated adoption rates higher than other emerging economies.
Consequently, they represent unique and meaningful expansion opportunities for companies in the connectivity and technology sphere, and can serve as strategic examples for players in other emerging economies with similar market demands and constraints.