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GSMA tips China as world’s largest 5G market

By Vera Anyagafu

The Global System for Mobile Communications Association (GSMA), has said that China may emerge world’s largest 5G market, even as Rotating Chairman, Telecom Equipment Maker, Huawei Technologies Company, Hu Houkun is bullish on the future of 5G.

GSMA tips China as worlds largest 5G market
GSMA tips China as worlds largest 5G market

According to report, 5G will play a vital part in triggering explosive growth in virtual reality and augmented reality because it can solve all the technological bottlenecks that is blocking the industry’s development.

Reportedly, Director-General, GSMA, Mats Granryd, said that with about 460 million users of the next-generation superfast network by 2025, the user number in China is expected to be higher than that of Europe (205 million) and the U.S. (187 million) combined, adding that, “China’s mobile industry has been a key driver of economic growth, inclusion and modernization, creating a new generation of digital consumers and transforming industry and society.”

“Backed by 5G, China’s mobile ecosystem is projected to add 6 trillion yuan (about 895.92 billion dollars) in value to the national economy in 2023, up from 5.2 trillion yuan in 2018”, the GSMA report was also quoted as stating.

However, China’s traditional sectors are said to have shown a strong interest in partnering with telecom companies to explore 5G.

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