Ericsson’s latest mobility report makes an interesting prediction about the pace of 5G adoption globally. The Swedish telecom vendors believe that the global 5G subscriptions will exceed 2.6 billion within the next six years; Ericsson has predicted that 5G will cover 65 percent of the world’s network coverage. Ericsson believes total mobile subscriptions, including the previous generation networks will reach 8.9 billion from 8 billion over the next six years.
The current average data tariff is forecast to increase around 7.2GB to a whopping 24GB in the timeframe. This large jump in the data sector has made Ericsson make such predictions. The telecom company has also stated that game streaming will also substantially increase data consumption.
Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson, says: “It is encouraging to see that 5G now has broad support from almost all device makers. In 2020, 5G-compatible devices will enter the volume market, which will scale up 5G adoption. With 4G remaining a strong connectivity enabler in many parts of the world, modernizing networks is also key to this technological change we’re going through.”
Over a quarter of the global subscriptions will be 5G by 2025 and will account for around 45 percent of worldwide mobile data traffic. Operators in Asia, Australia, Europe, the Middle East, and North America began switching on their 5G networks in 2019.