That’s a 210% growth over the next 4 years
5G smartphones to account for over 50% of smartphone sales revenue. Source: pexels.com
According to Juniper Research, 5G compatible smartphones will account for over 50% of smartphone sales revenue by 2025, rising to $337 billion from $108 billion in 2021.
The report urged mobile handset vendors to ensure hardware maximizes the benefits of future mobile cloud computing solutions. Mobile cloud computing enables service providers to offload intensive tasks to the cloud; freeing on-device resources for essential device processes.
It also predicted that successful handset vendors will include radios that are able to process large bandwidths and ultra-low latency to ensure that handset users are able to use cloud computing services efficiently, whilst remaining price competitive.
The report suggested that increasing the availability of lower-tier 5G smartphones is crucial to propagate 5G handset adoption in emerging markets. It is anticipated that by 2025, global Android smartphone prices will be 65% lower than global iOS smartphone prices.
Conversely, the research expected that the enduring popularity of iOS devices in developed markets will make 40% of global 5G smartphone revenue attributable to North America and Europe by 2025.
The report warned that long-term 5G smartphone shipment revenue will be limited by impending ‘right-to-repair’ legislation in North America and Europe, as more handset users choose to repair older models rather than upgrading to newer generation devices.
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