5G subscriptions to reach nearly 5.6 billion by the end of 2029

According to the latest edition of the Ericsson Mobility Report (NASDAQ: ERIC), the number of 5G subscriptions is expected to reach nearly 5.6 billion by the end of 2029. Global 5G coverage (excluding China) will increase from 40% at the end of 2023 to 80% by the end of 2029.

5G continues to grow strongly in all regions

Currently, about 300 communication service providers (CSPs) worldwide have launched 5G services, of which about 50 CSPs have deployed 5G standalone (5G SA). 5G continues to grow strongly in all regions and is expected to account for about 60% of all mobile subscriptions by the end of 2029. In the first three months of 2024, about 160 million new 5G subscriptions were added globally, bringing the total to more than 1.7 billion. A total of nearly 600 million new subscriptions are expected in 2024.

According to Ericsson, mobile network data traffic increased by 25% year-on-year from end-March 2023 to end-March 2024, mainly due to user migration to newer network generations and data-intensive services such as video . Mobile data traffic is forecast to grow at a compound annual growth rate of around 20% until end-2029. Around a quarter of all mobile network data traffic will come from 5G networks by end-2023, a figure that is forecast to increase to around 75% by end-2029.

“The Ericsson Mobility Report June 2024 shows that 5G subscriptions continue to grow strongly. Enhanced mobile broadband and fixed wireless access are the leading use cases, with signs that 5G’s potential is having a significant impact on service providers’ fixed wireless access offerings. The report also highlights the need for accelerated deployment of standalone 5G technology to fully realize the potential of 5G,” said Fredrik Jejdling, Executive Vice President and Head of Networks at Ericsson.

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Source: https://www.sggp.org.vn/thue-bao-5g-se-dat-gan-56-ty-vao-cuoi-nam-2029-post746741.html