Which mobile networks will be the biggest players in the next wave of broadband networks?
Mobile networks, which span devices ranging from smartphones to tablets to desktop computers, are expected to account for about half of all new broadband networks in the coming decade.
But that’s still far less than the 85 percent of new broadband connections that come from cable and satellite networks, according to a report from research firm McKinsey & Kravis Roberts.
The McKinsey report found that more than 90 percent of all broadband connections are coming from a single mobile network.
In the last five years, the wireless market has ballooned by about 300 percent.
This growth, McKinsey noted, is primarily driven by new, high-speed wireless networks that use wireless technology to transmit data and services at speeds of up to 1,000 megabits per second (Mbps).
The report estimates that the market for broadband will grow to more than 1.2 trillion dollars by 2025, from roughly 700 trillion in 2020.
The company said that by 2025 nearly 80 percent of the nation’s households and businesses will have access to mobile broadband, with wireless penetration growing from 9 percent in 2020 to more like 10 percent in 2025.
The report also noted that mobile broadband networks are poised to take a significant step forward in the second half of the decade, with more than half of new network deployments expected to come from 4G LTE (4G), the technology that has the highest penetration among all mobile networks, followed by 5G (5G) and WiMAX (5GHz).
Mobile broadband has also seen a huge boom in the past five years.
The number of subscribers in the U.S. grew from 1.4 billion in 2015 to 2.2 billion in 2019.
In 2020, the number of broadband subscribers grew from 4.7 million to 4.9 million.
The growth is expected to continue through 2025, McKinys report said.
Mobile broadband is a key component of the digital economy, which is expected by the McKinsey research firm to drive more than $2 trillion in new business for the U., Canada, Australia, New Zealand and Europe by 2020.
Mobile networks also have the potential to drive other industries, including retail, hospitality, food service, health care and even automotive, the company said.
McKinsey’s report also found that mobile penetration is set to grow to about 15 percent by 2025 from less than 10 percent now.
By 2026, McKinseys forecast, mobile penetration will grow by about 15 million to 20 million.
It is expected that mobile networks in 2021 will account for a third of all residential broadband, and the number is expected rise to over 40 percent by 2030.
Mobile penetration of businesses is set for an even larger jump to almost 70 percent by 2032.
For many industries, such as health care, technology, finance and retail, the growth in mobile penetration could help drive further growth.
But it’s important to keep in mind that even in the midst of the great wireless boom, there are still plenty of hurdles to overcome, according McKinsey.
For example, McKinays report found only 9 percent of mobile broadband users are connected to the Internet, which isn’t a huge leap from today.
For that reason, mobile users may not be as interested in connecting to the Web as they were a decade ago, McKinones report noted.
Still, the report notes that it is the industry’s focus on making broadband more affordable, and in some ways is helping to spur more broadband adoption.
“The growth in broadband adoption is driven by companies looking for new business models, and consumers are more likely to buy broadband if it’s cheaper than the competition,” said Alex Boulanger, director of McKinsey and Kravis.
“It’s also encouraging to see that some mobile providers are investing in the network design and development of their networks.
While the growth of mobile is happening now, we see this opportunity to see the impact of this new technology in the long term,” he added.