Learn from successful experiences in Asia From 5g operation for three years

The following is the Learn from successful experiences in Asia From 5g operation for three years recommended by recordtrend.com. And this article belongs to the classification: 5g industry, Strategy Analytics.
The 5g market is currently in an extraordinary growth stage, promoting the improvement of the prospects of a series of communication service providers and looking for value-added opportunities for their businesses. In the terminal market, by the end of March 2022, the global sales of 5g smart phones had exceeded 1billion, and 5g mobile phones accounted for 42% of all mobile phone sales in Q1 2022. In the same period, there were about 720million active 5g users worldwide, accounting for 8% of all subscribers. At present, mobile service revenue has increased by 3-4% annually (this is a level never seen since 2012). 5g is a factor that promotes the improvement of the market, but it is not the only factor.
Asia has always been an influential region in promoting 5g development. It has been about three years since South Korea launched commercial 5g services (April 2019) and China issued 5g licenses (June 2019). Although countries in other regions have also launched 5g services within a similar period of time, it can be said that these two markets have benefited the most from 5g and pointed out the direction for operators in other markets.
Since the launch of 5g, mobile service revenue in China and South Korea has recovered strongly. From a 4-5% annual decline in mid-2019 to an annual increase of 3-4% now. In 2019, the rapid growth of data traffic in these two markets has slowed significantly, and 4G can no longer provide growth in a relatively saturated and competitive market environment. 5g significantly improved revenue performance. Higher value services are the cornerstone of the 5g value proposition in these markets, and the high-level adoption of 5g is helping to amplify this effect: at the end of March 2022, 5g accounted for 31% of all network connections in South Korea (more than 40% of smartphones) and 25% of all network connections in China. There are many factors behind this success: powerful 5g network development, affordable 5g smart phones, remarkable 5g service development in B2C and B2B segments, and service pricing to stimulate usage and content consumption.
From: strategyanalytics
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