Ericsson will exceed 580 million 5G mobile subscriptions by the end of 2021, driven by an estimated one million new 5G mobile subscriptions every day.
The forecast has enhanced the expectation that 5G will become the fastest adopted mobile generation, said a press release on Wednesday.About 3.5 billion 5G subscriptions and 60 percent 5G population coverage are forecast by the end of 2026.
Europe is off to a slower start and has continued to fall far behind China, US, Korea, Japan and the Gulf Cooperation Council (GCC) markets in the pace of 5G deployments.
5G is expected to surpass a billion subscriptions two years ahead of the 4G LTE timeline for the same milestone.
Key factors behind that include China’s earlier commitment to 5G and the earlier availability and increasing affordability of commercial 5G devices.
More than 300 5G smartphone models have already been announced or launched commercially.
This commercial 5G momentum is expected to continue in coming years, spurred by the enhanced role of connectivity as a key component of post-COVID-19 economic recovery.Mobile subscriptions in the South east Asia and Oceania region have now exceeded 1.1 billion, with 5G subscriptions being just below the 2 million mark. 5G subscriptions are expected to grow strongly over the next few years with a forecast total of about 400 million by 2026.
South East Asia and Oceania region will also see data traffic per smartphone growing at the fastest rate globally, reaching 39GB/month by 2026 – a CAGR of 36 percent. Total mobile data traffic will grow accordingly, with a CAGR of 42 percent, reaching 39EB or month driven by continued growth in 4G subscriptions and 5G uptake in those markets where 5G has already been launched.
Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson said, “This landmark twentieth edition of Ericsson Mobility Report shows that we are in the next phase of 5G, with accelerating rollouts and coverage expansion in pioneer markets such as China, the USA and South Korea. Businesses and societies are also preparing for a post-pandemic world, with 5G-powered digitalisation playing a critical role.”