The Next-gen Mobile Networks industry focuses on significant upgrades to the current 4G/LTE mobile networks through the roll-out of 5G and 6G technologies. These upgrades promise faster speeds, with 5G potentially offering up to 100x that of 4G. They also offer lower latency and increased capacity and coverage. 5G and 6G networks use higher frequency radio waves to carry more data and are combined with macro cell towers and small cell stations, providing more precise coverage and boosting signal strength.

5G industry space is poised for a significant boom over the next few years. Global 5G connections surpassed 1.1 billion in 2022 and are expected to reach 5.9 billion by 2027, which equates to ~75% of the world's population. 6G technology is still in its early stages of R&D.

Note: Additional sections (market sizing, detailed overview, incumbents, etc.) can be provided on request.