The rapid expansion of 5G networks is transforming the telecommunications landscape

Recent data from 5G Americas and Omdia reveals a significant milestone: Global 5G connections have reached nearly two billion in the first quarter of 2024. This represents an addition of 185 million new connections, demonstrating the technology’s increasing popularity and widespread adoption.

• North America Leads the Pack: The region boasts an impressive 32% of all wireless cellular connections as 5G, with 22 million new connections added in Q1 2024.
• Latin America’s Growth: While 4G LTE remains strong, Latin America is also embracing 5G, with nine million new connections added in the same period.
• Projected Growth: Industry forecasts suggest a continued upward trend, with global 5G connections expected to reach 7.7 billion by 2028.

Driving Factors:

• Improved Network Coverage: Expanding 5G coverage in urban and suburban areas.
• Availability of 5G Devices: A wider range of smartphones and other devices supporting 5G technology.
• Emerging Use Cases: Applications in IoT, AR/VR, and other industries driving demand.