5G is more than a simple upgrade to the technology that drives wireless networks. It is the most responsive mobile network ever, which will foster further innovation. The 5G network is the only mobile network capable of scaling into the future due to the fact that there are currently more mobile devices in use throughout the world than ever before.
5G is the latest improvement in wireless technology. Governments all over the world are spending money to get it up and running. 5G will soon become the universal standard. This will make it possible to build a reliable mobile network in preparation for the widespread use of mobile real-time communication in the global economy.
When talking about the statistics of VoIP software, it is always important to keep 5G. 5G has recently emerged as the industry standard for VoIP services worldwide. This is due to the fact that it offers a more reliable mobile network for the widespread adoption of mobile communication. Users will be able to make audio and video conversations of a higher quality when using 5G.
Why, you ask? Because it offers more responsive capabilities and improved network latency in comparison to older networks such as 4G.
Below is a list of the most recent information about the use of 5G network in VoIP:
- By 2025, South Korea is expected to have the most 5G mobile connections among the top 5G markets. (with 73% of all 5G mobile connections in the world). (GSMA, 2021)
- Following closely behind with a combined 68% share of 5G mobile connections are the United States and Japan. (GSMA, 2021)
- According to the most recent data on 5G, there will be more than 222 million users of 5G networks by 2024. (eMarketer)
- According to predictions, the number of 4G subscriptions would fall from 313 million in 2019 to 154 million in 2024. 2021 (eMarketer)
5G network also guarantees a better user experience.
How? By minimizing delays caused by the network and permitting connections that are more seamless. The majority of VoIP solutions can now support video resolutions of up to 8K and 4K. All in all, thanks to the sufficient data transfer speeds offered by 5G. The technology also allows an expanded number of people to participate in web conferences. This makes the 5G network an excellent choice for companies that regularly need large-scale video meetings.
At a growth rate of 137.5% per year, the global 5G services market went from $40 billion in 2021 to $95 billion in 2022. At least in the short term, the Russia-Ukraine war made it harder for the world economy to get back on its feet after the COVID-19 pandemic. Many other countries have been hurt by economic sanctions. Which have driven up the prices of goods and broken the supply chain. This has hurt many markets around the world. With a CAGR of 54.0%, the 5G services market is expected to reach $534.93 billion by 2026.
Businesses that use the fifth-generation wireless technology network will see big improvements in VoIP and less network congestion and disconnections. With upload speeds of about 10Gbps, VoIP calls will be more stable, with better call quality and consistent connectivity. Because of this, more businesses will find the convenience of mobile VoIP as an alternative to office phone systems more appealing.
VoIP will work with 5G to give a level of connectivity and reliability that has never been seen before.
In order to keep pace, your company will require a resilient and scalable solution, to increase the efficacy of business processes and the speed of goal achievement.
Contact us at info@speedflow.com to see how a Class 4 Softswitch can assist you in securing and growing your Telecom business revenue.
