- Ericsson Mobility Report projects that four out of every ten mobile subscriptions in 2026 will be 5G.
- The report also notes that 5G business potential industry revenues for Indian operators stands at 17 Billion US dollars by 2030.
- According to the report, 5G will represent around 27 per cent of mobile subscriptions in India at the end of 2026, estimated at 350 million subscriptions.
Ericsson on Monday launched the latest edition of the Ericsson Mobility Report for November, 2020. Ericsson projects that four out of every ten mobile subscriptions in 2026 will be 5G. The report estimates that by the end of 2020, over one billion people all over the world will have access to 5G coverage, while 2026 will see 60 per cent of the world's population having access to 5G coverage, with 5G subscriptions forecast to reach 3.5 billion.
According to the report, 5G will represent around 27 per cent of mobile subscriptions in India at the end of 2026, that is estimated at 350 million subscriptions. It further predicts that mobile broadband technologies, which accounted for 67 percent of mobile subscriptions in 2020, will reach 91 per cent by 2026 when the total number of mobile broadband subscriptions is set to reach close to 1.2 billion. The report also notes that LTE will continue to be the dominant technology in India in 2026 accounting for 63 per cent of mobile subscriptions.
States Patrik Cerwall, Head of Strategic Marketing Insights and Editor of Ericsson Mobility Report in a statement said, "Low prices for mobile broadband services, affordable smartphones and increased time spent by people online all contribute to monthly usage growth in India. Accordingly, total traffic is projected to quadruple in India, reaching 35EB per month in 2026."
According to Ericsson's Capturing business opportunities beyond mobile broadband report, 5G business potential industry revenues for Indian operators stands at 17 Billion US dollars by 2030. 5G digital services include video, music, gaming, augmented or virtual reality and consumer IoT services.
According to the new Harnessing the 5G Consumer Potential report from Ericsson, communication service providers in South East Asia, India and Oceania, could earn 297 billion US dollars in 5G-enabled consumer revenues by 2030. 5G broadband services market will be worth nearly 229 US billion dollars by 2030.
States Nitin Bansal, Head of Network Solutions for the Market Area Southeast Asia, Oceania and India in a statement said, "5G has the potential to transform industries and society at large with use cases such as smart manufacturing, smart cities and advanced healthcare applications, just to mention a few. As the technology proliferates, early movers stand to benefit by gaining the right experience and creating new use cases of relevance to their business. The companies and countries taking an active role in shaping and securing the 5G ecosystem in the early years have great potential to lead use case scaling once the market takes off."
Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson noted that 5G is entering the next phase, when new devices and applications make the most out of the benefits it provides, while service providers continue to build out 5G. "This year has seen society take a big leap towards digitalization. The pandemic has highlighted the impact connectivity has on our lives and has acted as a catalyst for rapid change, which is also clearly visible in this latest edition of the Ericsson Mobility Report. Mobile networks are critical infrastructure for many aspects of everyday life, and 5G will be key to future economic prosperity," Jejdling said.