5G To Get 220M Subscriptions By Year-End, Says Ericsson
TECH DIGEST – Global Original Equipment Manufacturer, Ericsson has predicted that by the end of this year, 5G network subscriptions will be upped to 200 million across the world, even as more than 1 billion people will have access to next generation coverage within same timeframe.
These projections and predictions are contained in the Ericsson’s latest edition bi-annual Mobility Report report.
According to the report, real traction for 5G, with the pace of introducing new functionality increasing in network and device domains, despite uncertainties caused by the ongoing Covid-19 (coronavirus) pandemic.
“By the end of 2020, 15 per cent of the world’s population (more than 1 billion people) will live in an area with 5G coverage. This figure is also expected to rise to 60 per cent in 2026,” the report revealed.
Ericsson attributes the rise in 5G subscription to service providers continuing to build out their networks with fast uptake in China. For instance, vendor projected 11 per cent of China’s mobile subscription base would be on 5G by end-2020, driven by a national strategic focus, intense competition between operators and the availability of increasingly affordable smartphones from several vendors.
North America was expected to end the year with around 4 per cent of mobile subscriptions on 5G, with commercialisation now moving at a rapid pace: Europe will lag with 1 per cent using the tech.