(Original title: CITIC Securities Zhang Ruohai: 5G blessing, the data market will explode significantly)

Securities Times e company news, CITIC Securities Data Technology Chief Analyst Zhang Ruohai said in the "Digital Bay Area" It was stated at the Digital Economy Innovation and Development Summit Forum "Insights on the Future" that the 5G capital expenditures of the three major operators from 2019 to 2024 are estimated to be approximately 1.2 trillion yuan. 5G has spurred the continued explosion of the IoT market, with the market size exceeding 100 billion US dollars in the mid-term, and the CAGR growth rate exceeding 30%. Thanks to the rapid development of sensors and mobile smart terminals, the rapid popularization of social networks, and the continuous advancement of e-government affairs, it is expected that the global data volume will reach 40ZB by 2020, with a medium-term CAGR growth rate of over 40%.