new Delhi. According to a new report by International Data Corporation, 5G smartphones are likely to capture 50% of the global market by 2023. Corona virus epidemic ( Coronavirus Pandemic ) And despite the lack of consumers, 5G was the first priority for OEM manufacturer of all smartphones.
Speed will come in 5G
According to Ryan Reith, Program Vice President of IDC’s World Wide Mobile Device Tracker, after the market slowed down when many large companies slashed their production plans for the year 2020, we found that the most The reduction has been made in the 4G portfolio. This is because most believe that by the end of the year 2020, 5G will accelerate, which will have an impact on 4G.
Demand for 5G still low
Reith said that although we still believe that there is less demand for 5G among the customers and when it will be combined with the ongoing economic downturn of the market, the entire pressure will be on the service fees and hardware associated with it which is very important.
It will take time to improve the situation
However, Nabila Popal, Research Director at IDC, says that we can expect 9 percent year-on-year growth from 2021 and this is because it has seen a steep decline in the year 2020. However, it will take up to 2022 to completely rectify the situation and then the smartphone industry will return to the earlier era of Kovid. The thing to note here is that 5G’s role will be very important in this phase of market correction.