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Wireless

Brazilian 5G to generate USD 22.5 billion in B2B revenue by 2024

Thursday 22 October 2020 | 15:22 CET | News
5G will generate USD 22.5 billion in B2B business from 2020 to 2024, growing at an average annual rate of 179 percent, according to an IDC study commissioned by the Brasil Digital Movement. Infrastructure investments should reach USD 2.5 billion by 2024, growing to USD 4 billion in 2025, mainly by network operators and providers, driven by the 5G auction due to take place in 2021. The "new technology" market, which includes IoT, security, public cloud, big data and data analysis, is expected to grow at an average rate of 180 percent per year by 2024.

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Categories: Mobile & Wireless
Countries: Brazil
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