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Why Location Services and IoT are Leading the 5G Trends of 2022

September 14, 2022

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Despite an initially slow start, 5G devices and networks are continuing to come out in increasing numbers every year. In 2021, the global 5G infrastructure market was valued at $47.3 billion and is projected to reach a value of $1.67 trillion by 2030. Increasing investment, growing demand for reliable connectivity, and the steady rollout of new networks and partnerships are all acting as drivers for this market explosion.

Two particular developments that are leading this trend toward 5G adoption are worthy of mention: IoT in general and location-based services in particular.

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