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

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

Explosive growth will be until 2023

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