5G Expected To Attain 1.5 Billion Subscriptions By The End Of 2024, Ericsson Mobility Report
According to the latest edition of the Ericsson Mobility Report, 5G is estimated to cover over 40 percent global population and 1.5 billion subscriptions for improved mobile broadband by the end of 2024. This will make 5G the fastest generation of cellular technology to be rolled out worldwide. The driving force for this fast deployment includes increased network capacity, lower cost per gigabyte and new use case requirements.
Going country wise, North America & North East Asia are expected to lead the 5G uptake. For instance, 5G subscriptions In North America are forecast to account for 55 percent of mobile subscriptions by the end of 2024 while in the number is expected to touch 43 percent in North East Asia and 30 percent in Western Europe by 2024.
Commenting on this rapid growth of the network, Fredrik Jejdling, Executive Vice President & Head of Business Area Networks, states “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.”
Coming to IoT, the uptake of NB-IoT & Cat-M1 technologies are driving growth in the number of cellular IoT connections worldwide. Out of the 4.1 billion cellular IoT connections estimate for 2024, North East Asia is expected to account for 2.7 billion. This reflects both the ambition and size of the cellular IoT market in this region. This is because of the diverse and evolving requirements across a wide range of use cases.
Mobile Data Traffic Grew 79 Percent Between Q3 2017 & Q3 2018 With China Playing A Key Role
Mobile data traffic in Q3 2018 is witnessing a 79 percent annual growth, which is the highest rate since 2013. This is mainly due to the increased data-traffic-per-smartphone in North East Asia, especially in China. With a traffic growth per smartphone of around 140 percent between end 2017 and the end of 2018, the region has the second highest data traffic per smartphone at 7.3 gigabytes per month. This is comparable to streaming HD video for around 10 hours per month.
Holding its place on top consistently, North America still has the highest data traffic per smartphone and is expected to cross 8.6 gigabytes per month by the end of this year. This is comparable to streaming HD video for over 12 hours monthly. Total mobile data traffic between 2018-2024 is expected to increase by fivefold, with 5G networks projected to carry 25 percent of mobile traffic by the end of the period.
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