The number of 5G subscribers around the globe is expected to cross 2.6 billion by 2025, according to Ericsson, a Sweden-based multinational networking and telecommunications company.
Ericsson predicts around 65 percent of the world’s population will have access to 5G technology in the next six years. The growth will mostly be driven by the rapid development of the 5G ecosystem around the globe.
The report by Ericsson also revealed that around 45 percent of the global mobile data traffic by the end of 2025 will come from 5G.
Fredrik Jejdling, executive vice president and head of Networks at Ericsson, told the media, “It is encouraging to see that 5G now has broad support from almost all device makers. In 2020, 5G-compatible devices will enter the volume market, which will scale up 5G adoption.”
He added, “The question is no longer if, but how quickly we can convert use cases into relevant applications for consumers and enterprises. With 4G remaining a strong connectivity enabler in many parts of the world, modernizing networks is also key to this technological change we’re going through.”
Furthermore, the Ericsson report on 5G revealed that the total number of cellular IoT connections will see compound annual growth of 25 percent in the next six years. It will substantially increase from 1.3 billion in 2019 to five billion in 2025.
Recently, Ericsson also announced that it will invest $238.30 million in Brazil to add a new assembly line dedicated to 5Gtechnology for its Latin American operations. In Brazil, Ericsson will directly compete with Nokia and Huawei that are fighting to lead 5G deployment in Brazil.