Driving Growth and Transformation in Agriculture Technology
Demand for Data Driving Telecom Infrastructure Growth
c+
Growth Drivers
Increased Data Consumption
Mobile data demand increased 62x since 20111
Increased 5G Network Adoption
5G networks to cover 85% of world's population by 2028²
Internet of Things (IoT) Growth
•
5.5B cellular loT connections by end of 20283
5G IoT connections to exceed 100M globally by 2026, achieving 1100% growth
over 3 years³
Infrastructure Investment and Jobs Act (IIJA)
$65B for rural connectivity, high-speed internet, and rural broadband4
2022 Sales
2027E Sales Target
Spectrum Auctions: >$120B spent in U.S. on 5G spectrum5
~$320M ~$520M
CONSERVING RESOURCES. IMPROVING LIFE: Valmont
1https://seekingalpha.com/article/4596280-crown-castle-small-cells-are-opportunity2https://www.ericsson.com/4ae28d/assets/local/reports-papers/mobility-report/documents/2022/ericsson-mobility-report-november-
2022.pdf³https://www.juniperresearch.com/pressreleases/5g-iot-connections-to-surpass-100-mn https://www.usda.gov/media/press-releases/2022/10/27/biden-harris-administration-provides-759-million-bring-high-
speed5https://www.spglobal.com/marketintelligence/en/news-insights/research/upcoming-global-spectrum-auctions-to-diversify-mid-band-options-for-5g
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