South Korea’s 5G market to reach W34.7 trillion in 2025 – Digieco

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South Korea –

According to the data compiled by Digieco, a research center run by South Korea’s mobile carrier KT Corp., the country’s 5G network technology market is expected to hit 3.1 trillion won in 2020 and 34.7 trillion won in 2025.

5G network services in South Korea will reach around W34.7 trillion ($31 billion) in 2025, as the faster network technology is anticipated to be used in many areas from mobile phone networks to smart homes and connected cars.

The global market of 5G services is expected to hit $791 billion in 2025 from $37.8 billion in 2020, the data showed.

The 5G network services are anticipated to hit the market in 2019 and gradually expand around the globe to reach many countries down the road.