5G connections increase by 166% in Q3 of 2019

(Image credit: 5G Americas)

5G technology has gained some serious traction this year, and is consistently building momentum. Multiple 5G roll-outs have been announced in 2019, building a solid foundation to work on in 2020, as the technology hopefully becomes mainstream. 

And according to 5G Americas, as of Q3 2019, 5G connections have already hit the four million mark globally – an impressive increase of 166% since Q2.  

A strong ramp up in 2020 

“Early adopters in 5G technology are testing the waters to see what their devices can do on the new technology," said Chris Pearson, president of 5G Americas. "We expect to see a strong ramp up in 2020 as more devices become available and coverage expands throughout the world."

And according to data from market research and consulting firm TeleGeography, we can expect to see 67 5G commercial networks by the end of 2020. 

LTE provides some perspective

To put this in perspective, though, LTE gained 250 million connections globally in Q3 of 2019, and reached five billion connections worldwide. This was fueled by customers moving from older 3G and 2G technologies, 5G Americans said.

Looking to the future, 5G subscribers are expected to accelerate rapidly at the end of the year, reaching 12.9 million connections, 5G Americas reported. That number is expected to reach a huge 1.3 billion in 2023, which would give it 12.9% global market share.

Fiona Leake

Fiona discovered her love for investing and making money from a young age. Since then this interest has grown and now she loves writing about investing and business, and follows the 5G market closely. She is also a technology enthusiast, and so they tend to be her favourite investments.