5G to have 1 billion users by 2023 with China set to dominate

Simon Dawson | Bloomberg | Getty Images

A 5G sign sits on display at the Mobile World Congress in Barcelona, Spain, March, 2015.

The next revolution in mobile technology looks set to be led by China.

5G, the fifth generation of mobile network, doesn’t yet exist but aims to provide faster data speeds and more bandwidth to carry ever-growing levels of web traffic.

Analysts at CCS Insight predict the technology will be in place by 2020 and said in a report Wednesday that there will be more than one billion users of 5G by 2023, with more than half based in China.

“China will dominate 5G thanks to its political ambition to lead technology development, the inexorable rise of local manufacturer Huawei and the breakneck speed at which consumers have upgraded to 4G connections,” said Marina Koytcheva, VP Forecasting at CCS Insight.