Huawei executive Hu Houkun said: 5G will continue to be the main driving force for operator revenue growth, mainly for consumer businesses.

According to news from this site on October 11, the 2023 Global Mobile Broadband Forum is the 14th Global Mobile Broadband Forum held by Huawei in Dubai, United Arab Emirates from October 10 to 11, 2023. The theme is "Integrating 5G-A Bringing it into reality”.

▲ Hu Houkun and Mats Granryd had a live conversation on the MBBF forum. Source: Huawei official

on this forum Hu Houkun, Huawei's rotating chairman, said that 5G's consumer-oriented business is still the engine of operator revenue growth. New consumer behavior represented by video applications has been formed. 5G has become the main carrier of mobile network traffic, and traffic management has formed a business cycle. .

He pointed out that the traffic of 5G networks has increased by 3 to 5 times on average globally, compared with 4G. At the same time, one of the biggest changes brought about by 5G is the expansion of mobile communication networks into the industry market

According to reports, more than 260 5G networks have been deployed around the world, covering nearly half of the population. This site notes that 5G is developing the fastest among all generational technologies. 4G took 6 years to develop 1 billion users, while 5G only took 3 years to reach this milestone.

Mats Granryd, Director General of GSMA (Global System for Mobile Communications Association), said that the number of global 5G industry applications has exceeded 50,000, and the number of industry connections has exceeded 10 million. By 2030, 5G technology will add nearly $1 trillion in value to the global economy, benefiting all industries.

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