Sweden’s Ericsson forecasts the global mobile subscriptions of 5G to pass one billion in 2022.
According to its Biannual Mobility Report, this milestone will be achieved because of high adoption in China and North America. However, a significant downturn in the global economy and the unpredictability generated by Russia’s invasion of Ukraine has raised doubts.
The rapid growth in 5G subscriptions
Ericsson, a fierce competitor of Finland’s Nokia and China’s Huawei, is a prominent supplier of network technologies, including the 5G. 5G is the latest advancement in mobile network technology. It offers 2.7 times more speed than previous generations. Moreover, it provides seamless connectivity, unlocking futuristic and advanced features like autonomous driving.
Subscriptions for 5G are forecasted to grow by 4.4 billion in 2027. Of these, 82 percent will be from Western Europe, 74 percent from North-East Asia, and around 40 percent from India. A thrust from telecom operators to deploy 5G and declining handset prices have facilitated its adoption. “China added about 270 million users in 2021 compared to North America, which added 65 million”, said Peter Jonsson, executive editor of the Mobility Report, in an interview.
“The deployment of 5G standalone (SA) networks is increasing in many regions as communications service providers (CSPs) gear up for innovation to address the business opportunities beyond enhanced mobile broadband. A solid digital network infrastructure underpins enterprises’ digital transformation plans, and their new capabilities can be turned into new customer services.”
With a remarkable role in merchandising 5G airwaves, India is also expected to contribute to its subscription growth later in 2022. “We expect about 30 million 5G subscribers in India in 2022 and around 50 million in 2023”, Jonsson concluded.