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| Global 5G Connections Surge to 1.76 Billion, 66 Percent Growth Year over Year as North America Leads Charge
North America emerged as a trailblazer in 5G adoption, with connections in the region comprising 29% of all North American connections by the end of 2023. Notably, the region experienced a staggering 64% year-over-year growth in 5G connections, adding 77 million new connections to its network. By the end of 2023, North American 5G connections totaled 197 million. Latin America also witnessed substantial progress in both 4G LTE and 5G connections, with LTE connections reaching 582 million by the close of 2023, adding 40 million new connections year over year. Moreover, the region embraced the 5G revolution, with 39 million 5G connections established by year-end, setting the stage for further expansion in the years to come. "4G LTE is still the strongest technology across the region," said Jose Otero, Vice President of Latin America, and the Caribbean for 5G Americas. "Although various factors, including 5G handset mass market availability and completion of spectrum auctions will see an increase in 5G coverage, and subscriber growth in the coming year." Looking ahead, Omdia forecasts paint a picture of the telecommunications landscape we can expect to see throughout this decade. Global 5G connections are projected to skyrocket to 7.9 billion by 2028, with North America forecasted to boast an impressive 700 million 5G connections by the same year. Omdia principal analyst Kristin Paulin points out, "With this forecast, 5G will reach the global milestone of accounting for more than half of all connections by 2028. For North America, as an early leader, 5G will be more than 80% of connections." Additionally, 5G data traffic is expected to be 76% of all technology data traffic as it reaches a staggering 2.6 billion TB (or 2600 EB), with all technology data traffic reaching 3.4 billion TB (or 3400 EB) by 2028, reflecting the exponential growth trajectory of 5G connectivity. While 5G technology continues to dominate headlines, the Internet of Things (IoT) ecosystem remains a vital component of the digital revolution. Currently, global IoT subscriptions stand at 3.1 billion, complemented by 6.6 billion smartphone subscriptions. Forecasts suggest that IoT subscriptions will reach 4.5 billion, while smartphone subscriptions will surge to 7.4 billion by 2026, highlighting the evolving nature of connectivity and the interconnectedness of our digital world. Globally, the number of deployed 5G networks shows strength compared to 4G LTE deployments, and in the case of North America almost matches 4G LTE networks deployed. Currently, there are 314 commercial 5G networks worldwide, and this number is anticipated to grow to 450 by 2025, reflecting significant investments in 5G infrastructure worldwide. The number of 5G and 4G LTE network deployments as of March 18, 2024, are summarized below: 5G: Global: 314 North America: 17 Latin America and Caribbean: 39 4G LTE: Global: 714 North America: 18 Latin America and Caribbean: 135 Visit www.5GAmericas.org for more information, statistical charts, and a list of LTE and 5G deployments by operator and region. Subscriber and forecast data is provided by Omdia and deployment data by 5G Americas and TeleGeography (GlobalComm). About 5G Americas: The Voice of 5G and Beyond for the Americas 5G Americas is an industry trade organization composed of leading telecommunications service providers and manufacturers. The organization's mission is to facilitate and advocate for the advancement of 5G and beyond toward 6G throughout the Americas. 5G Americas is invested in developing a connected wireless community while leading 5G development for all the Americas. 5G Americas is headquartered in Bellevue, Washington. More information is available at 5G Americas' website. 5G Americas' Board of Governors Members include Airspan Networks Inc., Antel, AT&T, Ciena, Cisco, Crown Castle, Ericsson, Liberty Latin America, Mavenir, Nokia, Qualcomm Incorporated, Rogers Communications, Samsung, T-Mobile US, Inc., Telefónica, and WOM. View source version on businesswire.com: https://www.businesswire.com/news/home/20240328816858/en/
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