Ericsson Mobility Report Shows Faster 5G Adoption than Anticipated
The latest installment of the Ericsson Mobility Report found that the expected growth and adoption rates of the much-anticipated global 5G network will happen even faster than previously thought. According to the latest data presented by the mobile communications firm show that by 2024, the number of 5G subscriptions is expected to reach 1.9 billion, up from the 1.5 billion that was forecasted in the November 2018 edition of the report—and almost 27 percent increase.
Additionally, the Ericsson Mobility Report showed that operators are ramping up their deployment efforts around 5G. As such, the report suggests that 5G coverage should reach roughly 45 percent of the world’s population by the end of 2024. And with that level of expansion taking place, the percent of global mobile traffic that’s handled by 5G networks is projected to reach 35 percent by that same point in time.
“5G is definitely taking off and at a rapid pace. This reflects the service providers’ and consumers’ enthusiasm for the technology,” Fredrik Jejdling, Executive Vice President and Head of Networks at Ericsson, said in a statement. “5G will have positive impact on people’s lives and businesses, realizing gains beyond the IoT and the Fourth Industrial Revolution. However, the full benefits of 5G can only be reaped with the establishment of a solid ecosystem in which technology, regulatory, security, and industry partners all have a part to play.”
Despite perceptions and reports that America is “losing the race to 5G” to China, the Ericsson report shows that this region is expected to be the fastest in terms of adoption. By the end of 2024, 5G subscriptions could make up nearly two-thirds (63 percent) of all mobile subscriptions, the report found. That’s followed by North East Asia (47 percent) and Europe (40 percent).
Looking at 2019 in a vacuum, Ericsson anticipates that, as mobile companies continue their efforts to get a jump on the launch of 5G, the total number of subscriptions will total around 10 million by the end of this year.
What We’re Reading
- Shazam can now ID tracks that you’re listening to through your headphones. (Engadget)
- Hover-based gestures—something Apple is very interested in—could find their way into the Apple Pencil. (Appleinsider)
- Samsung’s budget Galaxy A-series phones are coming to the U.S., starting at $179.99. (The Verge)