Ericsson released the latest edition of the Ericsson Mobility Report for November 2020 on Monday. Ericsson projects that four out of ten mobile subscriptions in 2026 will be 5G. The report estimates that by the end of 2020, more than 1 billion people worldwide will have access to 5G coverage, while in 2026 60% of the world’s population will have access to 5G coverage, and subscriptions are expected to 5G reach 3.5 billion. .
According to the report, 5G will account for around 27 percent of mobile subscriptions in India by the end of 2026, which is estimated at 350 million subscriptions. Furthermore, it predicts that mobile broadband technologies, which accounted for 67 percent of mobile subscriptions in 2020, will reach 91 percent in 2026, when the total number of mobile broadband subscriptions will approach 1.2 billion. The report also notes that LTE will remain the dominant technology in India in 2026 and will account for 63 percent of mobile subscriptions.
Patrik Cerwall, Head of Strategic Marketing Insights and Editor of the Ericsson Mobility Report, said in a statement: “Low prices for mobile broadband services, affordable smartphones and more time people spend online contribute to to monthly usage growth in India. As a result, total traffic is projected to quadruple in India, reaching EB35 per month in 2026. ”
According to Ericsson’s report on Capturing Business Opportunities Beyond Mobile Broadband, the potential 5G industry revenue for Indian operators amounts to US $ 17 billion by 2030. 5G digital services include video, music, games, augmented or virtual reality and IoT services for the consumer.
According to Ericsson’s new Leveraging 5G Consumer Potential report, communication service providers in Southeast Asia, India, and Oceania could realize $ 297 billion in revenue from 5G-enabled consumers by 2030. 5G broadband will be worth nearly $ 229 billion by 2030.
Nitin Bansal, director of network solutions for the Southeast Asia, Oceania and India market area, said in a statement, “5G has the potential to transform industries and society in general with use cases such as smart manufacturing, cities Smart Smartphones and Advanced Healthcare Applications. ” To mention just a few. As technology proliferates, pioneers will benefit by gaining the right expertise and creating new use cases that are relevant to their business. Companies and countries that play an active role in shaping and securing the 5G ecosystem in the early years have great potential to lead the scale of use cases once the market takes off.
Fredrik Jejdling, Ericsson’s Executive Vice President and Chief Network Officer, noted that 5G is entering the next phase, when new devices and applications take full advantage of the benefits it provides, while service providers continue to develop 5G. “This year has seen society take a giant leap towards digitization. The pandemic has highlighted the impact that connectivity has on our lives and has acted as a catalyst for rapid change, which is also clearly visible in the latter. Ericsson Mobility Report edition. Networks are critical infrastructure for many aspects of everyday life, and 5G will be key to future economic prosperity, “said Jejdling.