Business Desk :
Telecom giant Ericsson projects that 5G mobile subscriptions will exceed 580 million by the end of 2021, driven by an estimated one million new 5G mobile subscriptions every day.
The forecast which features in the twentieth edition of the Ericsson Mobility Report, enhances the expectation that 5G will become the fastest adopted mobile generation, said a press release.
It also forecast that there would be about 3.5 billion 5G subscriptions and 60 per cent 5G population coverage by the end of 2026.
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, it said.
The press release also said that mobile subscriptions in South East Asia and Oceania region have now exceeded 1.1 billion, with 5G subscriptions being just below the 2 million mark.
South East Asia and Oceania region will also see data traffic per smartphone growing at the fastest rate globally, reaching 39GB per month by 2026 – a compound annual growth rate of 36 per cent.
Fredrik Jejdling, Executive Vice President and Head of Networks at 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.”
