5G estimated to reach 1.5 billion subscriptions in 2024: Ericsson
November 28, 2018
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5G is expected to reach more than 40% global population coverage and 1.5 billion subscriptions for enhanced mobile broadband by the end of 2024, according to the latest edition of the Ericsson Mobility Report.
This will make it the fastest generation of cellular technology to be rolled out on a global scale. Key drivers for 5G deployment include increased network capacity, lower cost per gigabyte and new use case requirements, authors of the report note.
North America and North East Asia are expected to lead the 5G uptake. In North America, 5G subscriptions are forecast to account for 55% of mobile subscriptions by the end of 2024. In North East Asia, the corresponding forecast figure is more than 43%.
In Western Europe, it is forecast to account for some 30%t of mobile subscriptions in the region by end of 2024.
“The uptake of NB-IoT and Cat-M1 technologies is driving growth in the number of cellular IoT connections worldwide,” the report stated.
“Of the 4.1 billion cellular IoT connections forecast for 2024, North East Asia is expected to account for 2.7 billion — a figure reflecting both the ambition and size of the cellular IoT market in this region.”
Diverse and evolving requirements across a wide range of use cases are prompting service providers to deploy both NB-IoT and Cat-M1 in their markets.
“As 5G now hits the market, its coverage build-out and uptake in subscriptions are projected to be faster than for previous generations,” said Fredrik Jejdling, executive vice president and head of business area networks at Ericsson.
“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.”
The report notes that mobile data traffic in Q3 2018 grew close to 79% year-on-year, which is the highest rate since 2013.
With a traffic growth per smartphone of around 140% between end 2017 and end 2018, the region has the second highest data traffic per smartphone at 7.3 GB per month. This is comparable to streaming HD video for around 10 hours per month.
North America still has the highest data traffic per smartphone, set to reach 8.6 GB per month by the end of this year, which can be compared to streaming HD video for over 12 hours monthly.
Between 2018-2024, total mobile data traffic is expected to increase by a factor of five, with 5G networks projected to carry 25% of mobile traffic by the end of the period.