Mobile Tech [New] The small village of Devauden in the Wye Valley (Wales) has become the first to receive a faster 4G based mobile (mobile broadband) service as part of the new £1bn Shared Rural Network, which aims to help extend geographic 4G cover to 95% of the UK by the end of 2025. 5G technology will not only enable faster mobile phones and improved network connections, but will also facilitate and support advanced smart technology in homes, workplaces and public places. 55% of UK adults support the UK government's ban on UK mobile providers buying new Huawei 5G equipment after the end of 2020 and removing all components from their networks by 2027. Growth in mobile traffic is among the foremost economic drivers of next generation wireless networks: Traffic will grow from 10.7 gigabytes per sub per month in 2020 to 45 GB/sub / month by 2025. Older devices based on 3G services will soon find degraded coverage across the U.S. as cellular carriers stop maintaining the older technologies and focus on the next generation of mobile services. Analysts at Jefferies expect capital expenditure (capex) by mobile carriers to grow by 2-4% in 2020, but have told vendors not to expect the steady, industry-wide move to 5G to lead to a drastic growth in network spending. The extension of mobile services into more rural parts of APAC should see over 600 million new mobile internet users by 2025, making the internet accessible to at least 61% of the APAC population for the first time. Revenues for game apps for smartphones and tablets may surpass US$ 100 billion by 2022, with smartphone users representing over 80% of this: Revenues may be lifted further by the availability of mobile games subscription services. When considering the additional revenue from autonomous mobility services, the total market value for autonomous cars and robotaxis could reach $2.5 trillion per year by 2040. By the end of 2020, more than 100 companies worldwide will have begun testing private 5G deployments, either by purchasing their own infrastructure while contracting for operational support from a mobile operator, or by building and maintaining their own 5G network using their own spectrum. A report highlights that mobile network operators could solve the financial identity problem and predicts that developing 'Financial Identity as a Service' could add $250 billion to global GDP. The major US mobile operators are all deploying their 5G networks in 2020, and each one claims that AI and machine learning will help them proactively manage the costs of deploying and maintaining new 5G networks. The global market for Mobility as a Service is forecasted to grow at CAGR 38.9% to register a value of USD 484.20 Billion in 2024. From 2020 to 2025, the capital expenditures of Chinese operators based on mobile services will reach $180 billion, about 90% of which will be used for 5G network construction. With growing demand for mobile data along with increased video streaming services, the adoption of 5G services in North America is estimated to cross 45% by 2023. While early 5G applications will focus on fixed wireless access and enhanced mobile broadband, the analyst firm is expecting the first ultra-reliable and low-latency communications private networks and then massive machine-type communications to be deployed between 2021-2025. Mobile phone spending in Japan will decline this year due to local average selling prices going up as a result of the US dollar increasing. Annual global investments in private LTE and 5G network infrastructure - which includes radio access network (RAN), mobile core and transport network equipment - will reach $8 billion by the end of 2023. Annual investments in private LTE and 5G network infrastructure - which includes RAN, mobile core and transport network equipment - will reach $8 Billion by the end of 2023. The autonomous vehicle services market is expected to grow from a mere US$1.1bn in 2019 to US$202.5bn in 2030 at a CAGR of 60.1%, facilitated by mutually beneficial business models across the entire mobility value chain. On a global level, major 5G network deployments are anticipated from 2020 and, by the end of 2024, Ericsson projects 1.5 billion 5G subscriptions for enhanced mobile broadband. Hyundai expects commercialisation of urban air mobility service in 2028, saying it takes time for laws and systems to be in place. See full forecast Last updated: 09 August 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
