World To Have 1.5 Bn 5G Subscriptions By 2024 : Ericsson Mobility Report

While telecom operators across the glove are mulling to deploy their 5G network and at present doing trials, a research report estimates there would be around 1.5 billion 5G subscriptions in next five to six years, a new Ericsson Mobility Report estimates.

“5G is expected to reach more than 40 percent global population coverage and 1.5 billion subscriptions for enhanced mobile broadband by the end of 2024,” says an Ericsson Mobility Report released in November. “This will make 5G the fastest generation of cellular technology to be rolled out on a global scale.”

The report says key drivers for 5G deployment include increased network capacity, lower cost per gigabyte and new use case requirements.

From a market perspective North America and North East Asia are expected to lead the 5G uptake, predicts the report. In North America, 5G subscriptions are forecast to account for 55 percent of mobile subscriptions by the end of 2024. In North East Asia, the corresponding forecast figure is more than 43 percent.

Fredrik Jejdling, Executive Vice President and Head of Business Area Networks, says: “As 5G now hits the market, its coverage build-out and uptake in subscriptions are projected to be faster than for previous generations. At the same time, cellular IoT continues to grow strongly. What we are seeing is the start of fundamental changes that will impact not just the consumer market but many industries.”

In Western Europe, 5G is forecast to account for some 30 percent of mobile subscriptions in the region by end of 2024, says thr Ericsson Mobility Report.

The report says the uptake of NB-IoT and Cat-M1 technologies is driving growth in the number of cellular IoT connections worldwide which is expected to reach 4 billion by 2024. Of these North East Asia is expected to account for 2.7 billion – a figure reflecting both the ambition and size of the cellular IoT market in this region.

Diverse and evolving requirements across a wide range of use cases are prompting service providers to deploy both NB-IoT and Cat-M1 in their markets.

Between 2018-2024, total mobile data traffic is expected to increase by a factor of five, with 5G networks projected to carry 25 percent of mobile traffic by the end of the period.

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