With the current rate of 5G deployment and adoption rates by consumers, Ericsson predicts that 40% of mobile subscriptions will be 5G-ready within five years. In the Ericsson Mobility Report, the company says that 5G is the fastest-deploying mobile connectivity technology ever.
By the end of this year, 15% of the world’s population will be in a place with 5G coverage. That is about a billion people. By 2026, the numbers will be up to 60%.
The total number of subscriptions by then will be 3.5 billion. Ericsson expects that 220 million people will be using 5G by the end of 2020.
The next half-decade
The adoption is driven by massive adoption in China, where more than 1 in 10 people use 5G. The speedy growth has been driven by several mobile device manufacturers that offer cheaply priced 5G-enabled handsets.
By the end of this year, 4 out of 100 North Americans will have 5G-ready mobile subscriptions. By 2026, the numbers should be 86 out of every 100. At that time, it will be the highest number of any country.
Europe is expected to end 2020 with a relatively low rate of 1%. However, the success of 5G does not rest only on the shoulders of consumers. There are going to be many applications that have not even been determined yet.
At the speed of 5G
Such applications are in the Internet of Things niche and smart factories where automation that relies on fast connections can benefit from the speed of 5G. The pandemic highlighted just how much we need communications and connectivity.
Most of the panic that followed the pandemic involved the nature of work and setting up home offices. The whole thing was the catalyst needed by big industries to make giant leaps forward in technology.
5G is the next giant leap.