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Ericsson Mobility Report Predicts 5G Will Roll Out Faster Than Any Generation Before

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With the commercial deployment of 5G, the coverage build-out and number of subscriptions are likely to grow faster than expected. Per the latest edition of the Ericsson (NASDAQ: ERIC) Mobility Report, 5G is expected to reach 40 percent of the world's population with 1.5 billion subscriptions in 2024, making it the fastest generation of cellular technology to be rolled out globally. The industry boom has been magnified by innovation that reuses existing infrastructure and available spectrum for increased network capacity, lower cost per gigabyte and new use cases.

Primarily, North America and North East Asia are expected to lead the 5G uptake. While in North America, 5G subscriptions are predicted to account for 55 percent of mobile subscriptions by the end of 2024, the same in North East Asia is expected to be more than 43 percent. In Western Europe, 5G is estimated to account for about 30% of mobile subscriptions by the end of 2024.

Meanwhile, the uptake of NB-IoT and Cat-M1 technologies is driving growth in the number of cellular IoT connections worldwide. Cellular IoT is on its way to becoming the preferred choice for wide-area IoT applications. Driven by a strong uptake in Northeast Asia, connections are set to surpass 4 billion by 2024. Of the total cellular IoT connections forecast for 2024, Northeast Asia is expected to account for 2.7 billion.

Ericsson is helping communication service providers to realize the full value of connectivity. The company's portfolio is designed to help customers go digital, increase efficiency and find new revenue streams. Mobile data traffic grew nearly 79 percent annually in Q3 2018, reflecting the highest growth since 2013. The increased data-traffic-per-smartphone in Northeast Asia, particularly China, has also pushed up the global traffic significantly. Around 90 percent of total mobile data traffic is generated by smartphones today and the figure is projected to reach 95 percent at the end of 2024. By the end of 2024, total mobile data traffic is predicted to be five times higher, with 5G networks likely to carry 25 percent of mobile traffic.

Ericsson is focusing on 5G system development and has undertaken notable endeavors to position to take market lead on 5G. The company believes that standardization of 5G is the cornerstone for digitization of industries and thus it continues to execute its focused strategy with investments in its competitive 5G-ready portfolio to enable customers seamlessly migrate to 5G.

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The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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