Ericsson: There will be 1.9 billion 5G subscriptions by 2024

Rapid early momentum and enthusiasm for 5G has led Ericsson to forecast an extra 400 million enhanced mobile broadband subscriptions globally by the end of 2024. The June 2019 edition of the Ericsson Mobility Report forecasts 1.9 billion 5G subscriptions – up from 1.5 billion forecasted in the November 2018 edition – an increase of almost 27%.

  • 5G coverage is forecast to reach 45% of the world’s population by end of 2024. This could surge to 65%, as spectrum sharing technology enables 5G deployments on LTE frequency bands.
  • 5G will also massively increase mobile data traffic – which grew 82% year-on-year in Q1 2019. By 2024, it is expected to reach 131EB per month, with 35% coming over 5G networks.
  • The next generation mobile network technology will also help drive cellular internet of things (IoT) connections up from the current 1bn to 4.1bn connected devices by the end of 2024
  • The uptake of 5G subscriptions is expected to be fastest in North America, with 63% of anticipated mobile subscriptions in the region being for 5G in 2024. For North East Asia it’s 47% and in Europe 40%.

5G is definitely taking off and at a rapid pace. This reflects the service providers’ and consumers’ enthusiasm for the technology. 5G will have positive impact on people’s lives and businesses, realising gains beyond the IoT and the Fourth Industrial Revolution. However, the full benefits of 5G can only be reaped with the establishment of a solid ecosystem in which technology, regulatory, security, and industry partners all have a part to play.

Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson