5G network coverage already reaches about 75% of the U.S. population when they’re at home or at work, according to new data from pwc, and device penetration has hit 8%. However, the firm doesn’t expect 5G to hit its tipping point until 2023, two years from now.
“Carriers and device manufacturers face the uphill battle of consumer upgrade cycles and deployment challenges as they work to make 5G real, exacerbated by COVID-19,” pwc said, based on data from its recently updated 5G Mobile Index. While the new generation of mobile network technology has gained momentum, it “won’t reach scale for years to come,” according to the company.
