The global market for 5G technologies was valued at $18.8 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 64.9% to reach $228.6 billion by 2026.

The journey to full scale implementation of 5G, which is expected to take at least 10 years, is fraught with challenges. Standards within each technology area of 5G are awaiting agreement, as well as technical feasibility demonstrated by mobile operators, software, and hardware suppliers. Nevertheless, the mobile industry is forging ahead with investments and marketing declarations.