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Ericsson Predicts 5G To Reach 1.5bn Subscriptions In 2024

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Fifth generation (5G) mobile technology is expected to reach more than 40 per cent global population coverage and 1.5 billion subscriptions for enhanced mobile broadband by the end of 2024.

This would make 5G the fastest generation of cellular technology to be rolled out on a global scale, according to the latest edition of the Ericsson Mobility Report released at a press conference by Ericsson Nigeria in Lagos. 

Key drivers for 5G deployment include increased network capacity, lower cost per gigabyte and new use case requirements. North America and North East Asia are expected to lead the 5G uptake. In north America, 5G subscriptions are forecast to account for 55 percent of mobile subscriptions by the end of 2024. In north – east Asia, the corresponding forecast figure is more than 43 per cent.

In Western Europe, 5G is forecast to account for some 30 per cent 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. 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.

Fredrik Jejdling, executive vice president and head of business area networks, said, “As 5G now hits the market, its coverage build-out and uptake in subscriptions are projected to be faster than for previous generations. 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 Mobility report also features articles on fixed wireless access and how to make it a reality, streaming video from megabits to gigabytes, and developing the smart wireless manufacturing market.





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