Modified · Industry Background

We expect to see a continued expansion in data consumption, dependent on seamless and reliable wireless connectivity. A few statistics illustrate this point. According to the 20242025 Ericsson Mobility Report, global mobile data for 5G is estimated subscriptions are forecast to triple in reach 6.3 billion by the next three yearsend of 2030, driven by new users, innovative services, and the convergence of artificial intelligence (“AI”) and 5G technology, and by 2029, it is estimated that approximately 39 billion connections will be related to the IoTthe total number of global IoT connections is now forecast to reach approximately 43 billion by 2030, including connected cars, machines, meters, sensors, point-of-sale terminals, consumer electronics and wearables. Connected cars are forecasted by McKinsey to make up 9590% of new vehicles sold globally by 2030.