The global telecom market is expected to expand at a CAGR of 6% during 2021-2025 to reach USD3,461.03bln in 2025.
Mobile networks carry almost 300x more mobile data traffic and 2bln more people now have a mobile phone compared to a decade ago. Smartphones generate ~97% of the global mobile data traffic today.
By 2027, 5G mobile subscriptions are projected to exceed 4.4bln globally and to account for 49% of all mobile subscriptions.
Global network investment is likely to accelerate by more than USD100bln per year to meet rising global data demand, to reach USD1.14tln in 2025 (2019: USD1.03tln), ~80% of this investment is likely to be in 5G networks – benefitting tower operators globally.