Ericsson has raised his expectations for the adoption of 5G considerably. The company says in its Mobility Report that it expects 1.9 billion 5G subscriptions by the end of 2024, an increase of 27 percent compared to the 1.5 billion predicted in November last year.
Ericsson also expects that by the end of 2024 there will be an additional 400 million mobile broadband subscriptions worldwide, compared to last year’s forecast. Other forecasts have also increased, the main reason being the rapid uptake of 5G. For example, the company expects 5G coverage to reach around 45% of the world’s population by the end of 2024. However, this can be as much as 65 per cent, as spectrum sharing also allows for the placement of 5G implementations in LTE frequency bands.
10 million subscriptions
Acceptance of 5G is accelerated by the strong involvement of chipset and device suppliers, among other things. This year, for example, smartphones for all main spectrum bands will be available. The more mobile-enabled devices become available, the more 5G networks go live. By the end of this year, Ericsson already expects over 10 million 5G subscriptions worldwide.
The uptake of those subscriptions is expected to be the fastest in North America, with 63 percent of expected mobile subscriptions in 2024. Northeast Asia ranks second with 47%, followed by Europe with 40%.
“5G will have a positive impact on people’s lives and on businesses, realizing profits that go beyond IoT and the Fourth Industrial Revolution. However, the benefits of 5G can only be realised with the creation of a solid ecosystem in which technology, regulation, security and industry partners all have a role to play,” said Frederik Jejdling, Executive Vice President and Head of Networks at Ericsson.
Mobile data traffic
Ericsson also looked at the existing mobile data traffic. In the first quarter of 2019, mobile data traffic worldwide continued to increase by 82 percent compared to the previous year. Total mobile data traffic is expected to reach 131EB per month by the end of 2024. 35% of these are 5G networks.
Furthermore, there are now a billion cellular IoT connections worldwide, but that is expected to rise to 4.1 billion by the end of 2024. 45 percent of these are represented by Massive IoT. Industries that use Massive IoT include smart metering utilities, healthcare with medical wearables, and transportation with tracking sensors.This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.