By Godson Umejiego, Senior Correspondent, USA
The global 5G services market size was accounted at US$ 64.54 billion in 2021. The worldwide 5G services industry is being driven by a rising reliance on machine-to-machine connectivity and an increase in mobile data traffic. 5G services provide a fully mobile environment by increasing the amount of data transmitted over a wireless network based on high frequency and superior antenna technology.
Due to the increased demand for internet subscriptions and the growing demand for high-speed and comprehensive network coverage, the 5G services industry is also expanding. In addition, the integration of 5G services with the internet of things has enabled high-speed data communication in applications such as smart home energy management, resulting in a 5G services market forecast. The increasing demand for high-speed connectivity is propelling the 5G services market forward.
