New major 5G markets are emerging. India is experiencing massive network deployments, making it the fastest growing 5G market globally. 5G is a critical component in India’s journey to realize its “Digital India” vision. Meanwhile, in North America the addition of mid-band spectrum now enables superior multi-band 5G experiences for many users.
With over 1 billion 5G subscriptions worldwide, service providers in leading 5G markets have been experiencing positive revenue growth over the past 2 years. However, the 5G rollout is still in progress, and the deployment of 5G mid-band spectrum, which offers high capacity and good coverage for superior user experiences, remains limited to around 25 percent of 4G sites globally, with North America ahead and Europe behind.
As global mobile network data traffic continues to grow, with a CAGR of around 25 percent projected through 2028, smart network modernization becomes imperative. Managing this growth while improving the mobile user experience requires continued network evolution. Notably, 5G mid-band build-out is proving to be more energy-efficient and cost-effective compared to the expansion of 4G networks.
In this edition, we uncover insights that highlight key considerations for future network evolution, based on analysis of data traffic growth and patterns across different locations in mobile networks.
As you dive deeper into the report, we address the challenges posed by the next wave of 5G applications, emphasizing the need for new models to rate mobile quality of experience (QoE) to enable the design of networks that meet future service performance needs. As the use of augmented reality (AR) services for mobile devices grows, mobile networks need to be prepared for increased performance requirements, primarily by adding new spectrum and functionality on existing sites. We also explore how Singtel’s deployment of 5G network slicing at the 2022 Singapore Grand Prix demonstrated the commercial opportunities of differentiated connectivity services.
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