Analysts expect strong growth in 5G and Industrial IoT
Bolstered by the continued development of next-generation “5G” mobile networks, industrial automation is expected to see strong adoption as the “internet of things” takes shape. In a pair of new reports, analysts detail expectations for strong market growth in 5G and industrial IoT. 5G technology to reach 24M subscribers globally by the end of 2021 with the US, Japan, China and South Korea expected to be most advanced markets A new study from Ovum finds North America and Asia will each account for more than 40% of global 5G subscriptions at the end of 2021, followed by Europe with more than 10% of overall 5G subscriptions, and the Middle East and Africa accounting for the remainder. According to the consultancy firm, 5G networks will be commercially available in more than 20 markets by the end of 2021. Ovum estimates that the majority of 5G subscriptions will be concentrated in the U.S., Japan, China and South Korea, where major operators have revealed aggres...
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