Ericsson's latest "Mobile Market Report" shows that 5G growth is still faster than any previous generation of mobile communications. It is estimated that by the end of 2028, the number of 5G mobile subscriptions will reach 5 billion.
Ericsson predicts that global fixed wireless access (FWA) connections will grow faster than previously expected. FWA is expected to grow at an annual rate of 19% during 2022-2028, reaching 300 million connections by the end of 2028.
Data show that from July to September 2022, the number of global 5G contracts will increase by about 110 million, bringing the total number of contracts to about 870 million. Ericsson's previous report predicted that the number of 5G subscriptions is still expected to reach 1 billion by the end of this year, and it is expected that 5G will reach 1 billion subscriptions two years earlier than 4G.
Ericsson stated that the statistics prove that 5G is still the fastest-expanding generation of mobile technology. The main reasons are that many manufacturers launched 5G models in time and their prices fell faster than 4G mobile phones. And China has already deployed 5G on a large scale in advance.
Additionally, 5G continues to experience strong growth in North America and Northeast Asia. 5G subscription penetration in these regions is expected to reach approximately 35% by the end of 2022. So far, nearly 230 operators around the world have launched 5G services, and more than 700 5G smartphone models have been released or commercialized.
By the end of 2028, the report predicts that the number of global 5G subscriptions will reach 5 billion, accounting for 55% of the total number of contracts. Similarly, by the end of 2028, 5G population coverage will reach 85%, and 5G networks will carry about 70% of mobile traffic, becoming the main contributor to all traffic growth over the same period.
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