Analyst company Canalys published its forecast regarding the 5G smartphone market. According to it 5G will overtake 4G in 2023 and by then, manufacturers across the globe would have shipped around 1.9 billion 5G-enabled devices.
At the tipping point in 2023, 5G devices will account for about 51.4% of the market share. China is expected to consume 34% of the shipments followed by North America with 18.8% and Asia Pacific with 17.4%.
Canalys points out that the governments’ efforts to accelerate 5G growth have contributed a lot. As a result, as early as 2020, in China, 5G devices are…