There will be 9 billion user-linked subscriptions to wireless services by 2023, up from 7.7 billion today according to forecasts from Strategy Analytics’ Service Provider Group. The report, Worldwide Cellular User Forecasts 2018-2023 predicts that 5G adoption will follow a comparable path to that seen by 4G LTE, but warns that there is limited growth left in connectivity revenue for service providers.
Key findings of the report include:
“Competitive pressure has defined the revenue growth of many countries in recent years, including France, India, and the USA, and wireless service providers are having to work increasingly hard to identify growth opportunities in wireless,” notes Phil Kendall, Director Service Providers and author of the report. “The monetisation of 4G data traffic has been critical for creating revenue uplift, even in the world’s most mature wireless markets like Finland and Japan, and remains a medium term priority for the industry.”
Susan Welsh de Grimaldo, Director, Service Provider Strategies, adds “With significant service provider focus on 5G, there are many unanswered questions relating to infrastructure costs and deployment strategies, and to how well service providers can unlock new revenue streams beyond basic connectivity services. The expected early involvement of China in 5G will, however, bring economies of scale to the 5G device market earlier than we typically see with new network technologies, which will be encouraging for operators looking to execute on a clear vision of 5G consumer service opportunities.”