Updated · Nov 16, 2022
5G Subscriptions to Top One Billion in 2022, Says Ericsson
Updated · Jun 21, 2022
The multinational telecommunications company released its biannual Mobility Report on Tuesday.
Fastest Growing Generation
Ericsson predicts that global 5G network subscriptions will pass the 1 billion by the end of the year and 4.4 billion in 2027. The company made this known in the latest edition of its biannual Mobility Report, released Tuesday.
According to the report, North America will lead in adopting the technology in the next five years. By 2027, 5G will count for about 90% of subscriptions in the region.
In the first quarter of 2022 alone, it added over 70 million subscriptions worldwide. Ericsson asserts that almost half of all subscriptions will be 5G in the next five years.
The report suggests that 5G adoption is growing faster than any previous generation of mobile technology. 4G connectivity grew at the same rate as the fifth generation in Q1 2022, adding about 70 million global subscribers.
However, it took the technology standard ten years to reach 1 billion users. 5G will get there two years sooner if the forecast holds.
“The mobility report confirms 5G as the fastest growing mobile technology generation ever, and Ericsson is playing a key role in making that happen,” said Fredrik Jejdling, the company’s Executive Vice President. “We work every day… to ensure that millions of people, enterprises, industries, and societies enjoy the benefits of 5G connectivity as soon as possible.”
Daniel is an Economics grad who fell in love with tech. His love for books and reading pushed him into picking up the pen - and keyboard. Also a data analyst, he's taking that leap into data science and machine learning. When not writing or studying, chances are that you'll catch him watching football or face-deep in an epic fantasy novel.
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