Asia Pacific to Dominate in 5G by 2023, IHS Markit Says

North America will jump out in front first as 5G leader, but it will be quickly surpassed by Asia-Pacific, IHS Markit said Wednesday. By 2023, Asia Pacific will have a 5G installed base of 785 million, vs. 294 million in North America, the firm predicted. “Asia Pacific is destined for 5G market domination thanks to the massive deployment of the technology in China and India,” said Elias Aravantinos, principal analyst. “Led by deployment in these countries, 5G will reach its so-called ‘golden year’ in 2023, when 5G will be present in most handsets.”