The market research organization IDC released the first 5G forecast report. It is expected that the 5G network connection will explode in the next few years. A large number of companies and consumers will use this technology to enjoy fast connection. The development of 5G networks will be extremely beneficial to smartphone manufacturers, wireless network vendors and many other stakeholders.

For the 5G revolution just born, investors need to know the following points.

Explosive growth will continue until 2023

IDC estimates that the number of 5G connections will reach approximately 10 million in 2019. By 2023, this number will surge to more than 1 billion, which is a compound annual growth rate (CAGR) of 217%, which is unbelievable. By 2023, 5G network connections are expected to account for nearly 9% of all mobile devices worldwide.