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Ericsson predicts 1 billion 5G subscriptions in 2023

Ericsson Mobility Report

Media

Ericsson predicts 1 billion 5G subscriptions in 2023

Since 2011, the Ericsson Mobility Report has been forecasting the future of connectivity. Based on past and current data validated with extensive network measurements, the report provides industry-leading projections as well as analyses of the latest market trends.

According to the Ericsson Mobility report published in November for this year, Ericsson forecasts there will be 1 billion 5G subscriptions for enhanced mobile broadband by 2023. Ericsson concluded these predictions due to increased demand for data and video content. Mobile data is also expected to surge by eight times during the forecast period. It will reach 110 Exabyte per month by 2023, which corresponds to 5.5 million years of UHD streaming.

Young millennials are the driving force behind the increased demand for video.

Millennials stream 2.5 times more than those who are older than 45 years old. And demanding video formats, such as UHD and 360-degree videos, are on the rise. These formats use four to five times as much bandwidth as a normal YouTube video of the same perceived quality.

By the end of this year, Ericsson predicts that LTE will be the dominant mobile access technology. By the end of 2023, 5G is said to reach 5.5 billion subscriptions and to cover more than 85 percent of the world’s population .

Voice over LTE (VoLTE) subscriptions are also projected to reach 5.5 billion by the end of 2023 as well.

VoLTE enables operators to deliver high-quality, simultaneous communication and data services on smartphones and other devices.  Smart watches that use VoLTE to transfer calls directly from cellphones over a VoLTE network are a good example.

The report also features three articles on rising industry trends. First article discusses shifting mobile data plans, and explains larger data plans and consumption methods. The second article projects on enhancing the event experience. It further analyses how international events use various forms of data. This article links visitor needs to the   benefits of 5G in immersive events . The last article analyses millennials’ expectations from 5G networks and reflects their perceptions and expectations to operators.

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