Industry Convergence Reveals Vast Growth Potential for the APAC 5G Total Landscape
5G network slicing, in combination with multi-access edge computing (MEC) and private networks, to boost overall 5G market growth
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Overall, the total 5G revenue in APAC will increase from $2.13 billion in 2020 to $23.89 billion in 2025, at a CAGR of 62.2% from 2020 to 2025. Revenue will be mainly driven by 5G connectivity, as the main contributor between 2020 and 2025. From 2021, revenue from 5G network slicing will start to contribute to the total revenue in APAC, and by 2025, it will account for 41.8% of the total revenue.
China, South Korea, and Japan are the top-3 countries where significant growth in 5G revenue is anticipated during the next 5 years. Their contribution to the overall revenue will drop from 91% in 2020 to 73% in 2025, as other countries will start to contribute toward total 5G revenue in APAC. 5G network slicing will be important for these countries, and by 2025, these countries will account for 81.6% of the total 5G network slicing revenue in APAC.
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