Global 5G network infra spending to nearly double in 2020

Investment by communications service providers (CSPs) in 5G network infrastructure accounted for 10.4 percent of total wireless infrastructure revenue in 2019.

This figure will reach 21.3 percent in 2020, said the report.

"Early 5G adopters are driving greater competition among communications service providers," Kosei Takiishi, Senior Research Director at Gartner, said in a statement.

"In addition, governments and regulators are fostering mobile network development and betting that it will be a catalyst and multiplier for widespread economic growth across many industries."

Gartner predicts that communications service providers in Greater China, mature Asia/Pacific, North America, and Japan will reach 5G coverage across 95 percent of national populations by 2023.

"Despite investment growth rates in 5G being slightly lower in 2020 due to the Covid-19 crisis (excluding Greater China and Japan), communications service providers in all regions are quickly pivoting new and discretionary spend to build out the 5G network and 5G as a platform," said

Over the short-term, Greater China leads the world in 5G development, with 49.4 percent of worldwide investment in

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