The total 5G revenue in the ASEAN region will increase from $1.64 billion in 2022 to $7.43 billion in 2027, at a CAGR of 35.3% according to the "5G Monetization and Adoption Strategies in ASEAN" report by ResearchAndMarkets.com
5G revenue
The report also revealed that 5G revenue contribution from the consumer segment will increase to $5.99 billion in 2027 from $1.59 billion in 2022, at a CAGR of 30.3% from 2022 to 2027.
Moreover, 5G revenue contribution from the enterprise segment will increase from $41.5 million in 2022 to $1.43 billion in 2027, at a CAGR of 103% from 2022 to 2027.
5G technology
Nick Cherukuri, the founder & CEO of ThirdEye and Forbes Councils member, noted that 5G, the successor of 4G, is expected to change society and humanity in many ways. In an article, he stated that the benefits of the technology are increased connectivity, improved communication, enhanced experiences, and increased productivity.
However, he also listed some challenges, including health concerns, economic impact, security risks, privacy concerns, and cost.
“Overall, there are both positives and negatives with the deployment of 5G. Yet, the combination of this technology with advanced hardware in the AR/AI spaces in the enterprise sectors could create billions in value,” he says.
Government support in APAC
A news release from PR Newswire notes that most governments in APAC support the deployment of domestic 5G, with its potential to contribute to economic growth. 5G is a promising new revenue stream for mobile operators to increase competitiveness against fixed broadband providers.
