By the fourth quarter of 2025, the global connectivity market will reach USD 333 billion, with full-year revenue expected to be USD 1.3 trillion, representing year-on-year growth of 5% and 4%, respectively. While relying on core businesses, the telecommunications industry is also actively seeking new revenue streams. The number of 5G connections is expected to reach 3 billion, up 34% year-on-year, with accelerated adoption, and Asia being the largest market. Fixed broadband connections will reach 1.6 billion, with FTTx broadband dominating. Notably, in the fourth quarter of 2025, India will surpass the United States to become the world's largest 5G FWA market. In terms of revenue rankings, operators from the United States and China dominate. Additionally, global capital expenditures in 2025 are expected to be USD 303 billion, down 2% year-on-year, but the decline has improved compared to 2024.