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5G is expected to reach more than 40 percent global population coverage and 1.5 billion subscriptions for enhanced mobile broadband by the end of 2024.
TheNewsGuru (TNG) reports this will make 5G the fastest generation of cellular technology to be rolled out on a global scale, according to the latest edition of the Ericsson Mobility Report.
According to the Mobility Report, North America and North East Asia are expected to lead the 5G uptake.
In North America, 5G subscriptions are forecast to account for 55 percent of mobile subscriptions by the end of 2024.
In North East Asia, the corresponding forecast figure is more than 43 percent.
In Western Europe, 5G is forecast to account for some 30 percent of mobile subscriptions in the region by end of 2024.
Between 2018-2024, total mobile data traffic is expected to increase by a factor of five, with 5G networks projected to carry 25 percent of mobile traffic by the end of the period.
“As 5G now hits the market, its coverage build-out and uptake in subscriptions are projected to be faster than for previous generations. At the same time, cellular IoT continues to grow strongly.
“What we are seeing is the start of fundamental changes that will impact not just the consumer market but many industries,” said Fredrik Jejdling, Executive Vice President and Head of Business Area Networks at Ericsson.