By 2029, 5G network subscriptions are set to reach 519 million, representing 23% of all mobile connections, according to Nokia’s latest study.
The Finnish telecommunications vendor predicts that 5G network technology will drive 48% of the total data traffic.
Mikko Lavanti, Senior Vice President of Mobile Networks at Nokia, underscored the relentless growth of 5G, stating, “The adoption of 5G is increasingly important for countries across the MEA to meet the rising demand for data services.”
Also Read: Nokia's 2024 Report: 5G to Drive MEA’s Digital Revolution and Data Traffic
GCC Leading the 5G Growth
The Gulf Cooperation Council (GCC) region is expected to be at the forefront of 5G's rapid expansion, with 90% of mobile subscriptions predicted to be on 5G networks within the next five years.
The region’s growth is largely attributed to the significant contribution and support of Saudi abia and the United Arab Emirates in 5G investments and infrastructure development to accelerate the adoption of the latest advancements in connectivity.
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5G in FWA Solutions
The 5G network is also expected to drive the rapid adoption of Fixed Wireless Access (FWA) technology, surging to 38% by 2029, a substantial increase from its previous 11% record.
Commenting on the significance of 5G in monetization, Lavanti said, “This transition accelerates digital transformation while allowing communications service providers (CSPs) to unlock new revenue opportunities. Nokia’s services empower CSPs to maximize the potential of their networks, delivering advanced connectivity solutions critical for the region’s development.”
Nokia’s forecast of the 5G surge reflects the global efforts in developing, deploying, and adopting modern innovations to enhance the overall user experience, drive business growth, and accelerate digital transformation.
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