IDC Sees Global 5G Network Infrastructure Market Reaching $26 Billion in 2022

With the “first instances” of 5G services rolling out this quarter, 2019 is expected to be a “seminal year” for wireless, with 5G handsets beginning to hit the market, enabling consumers “to experience 5G technology firsthand,” said IDC Tuesday. Though the “full breadth” of 5G's potential will take several years to arrive, IDC expects the total fifth-generation and related network infrastructure market to expand at a 118 percent compound annual growth rate, reaching $26 billion globally in 2022.