China Ranks First In 5G And Smart Device Interest With The U.S. Coming Second
While mobile industry group GSMA canceled this year’s MWC Barcelona trade show due to coronavirus concerns, that hasn’t stopped the publication of its annual report on the global mobile economy, which arrived today in typically comprehensive form.
A major thing that came across is the fact that China has enjoyed an early lead in 5G, but the U.S. is expected to pull ahead within the next five years with other countries coming close behind. According to GSMA, China has multiple strengths that it has used to its benefit. Organizational interest in 5G, consumer interest in 5G, and a strong smart home market.
China today has one of the world’s highest rate of intention to upgrade to 5G and most of the users there are willing to pay a premium. Even in the smart home market, China seems to have the highest rate of ownership across the globe with the U.S. falling second in almost every category. Research tells us that a lack of problem-solving AI could be a barrier to adoption going forward as users start to expect more from their devices.
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