Ericsson Estimates 5G Subscriptions Could Hit 660 Million This Year
November 30 2021 - 3:42AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Ericsson AB said Tuesday that 5G subscriptions could
hit close to 660 million by the end of this year after
stronger-than-expected demand in China and North America, driven in
part by decreasing prices of 5G devices, according to Ericsson's
annual mobility report.
There was also a net addition of 98 million 5G subscriptions
globally in the third quarter of 2021, compared to 48 million new
4G subscriptions, and by the end of 2021 the report estimates that
5G networks will cover more than two billion people.
According to latest forecasts in the report, 5G is on track to
become the dominant mobile access technology by 2027, based on
global subscriptions, and is expected to account for around 50% of
all mobile subscriptions world-wide--covering 75% of the world's
population and carrying 62% of the global smartphone traffic.
Since 2011, the deployment of 4G networks has been pivotal in
generating 5.5 billion new smartphone connections world-wide,
contributing to the market availability of more than 20,000
different 4G device models, the report said.
The report also indicates a much earlier uptake of 5G
technology, with 5G handsets today accounting for 23% of global
volumes, compared with 8% of 4G handsets at the corresponding point
in its lifecycle.
"New forecasts reaffirm the rapid acceleration of massive
Internet of Things deployments in coming years, spanning use cases
such as e-health wearables, logistical asset tracking,
environmental monitoring and smart meters, and smart manufacturing
tracking and monitoring devices," the report said.
"Massive IoT deployments are forecast to account for 51% of all
cellular IoT connections by 2027."
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 30, 2021 03:27 ET (08:27 GMT)
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