5G Global Market Dynamics
The 5G market is growing faster than anticipated. In North America, 5G launched early, with low-band spectrum allocations already taking place. 5G deployments are also already in motion in Asia. South Korea is the first country to launch 5G by hours. With approximately 100 thousand cell sites deployed, 5G covers a large part of the population. Japan is taking a considered approach due to a strong 4G network in place and a lack of spectrum availability. A key market for mass rollouts is China, a country with thousands of base stations that are due for an upgrade. In China, the mindset is to build out the network and then identify the commercial opportunity. Europe, by contrast, a market with over 200 Communications Service Providers (CSPs), is seeking to identify the opportunity first and then pursue 5G build outs.
Furthermore, the African market represents 13% of the world’s population but only accounts for about 2% of base stations. In Latin Am...
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