Global 5G coverage to grow by 253% in five years

By 2021, the network coverage will reach an estimated 1.95 billion people representing about 25% of the global population. In the next two years, the network will be accessible to 32% of the global population at 2.5 billion.

In 2023, 5G network is projected to reach about 39% of the global population at 3.05 billion people. By 2024, an estimated 46% of the global population at 3.6 billion will be using the network.

The Bankr research highlighted the current state of the global 5G network. According to the research report: "The over one billion access to 5G coverage in 2020 is a culmination of a joint clear consensus on the 5G network by major players in recent years. The coverage is significant however, it is being driven by a select few regions in Asia, the US, and Europe.

“Other regions are still building the infrastructure to accommodate the technology. Notably, Asia is a current leader in 5G after undergoing a rapid migration in mobile broadband networks and smartphones setting the perfect ground for 5G adoption."