Ericsson Mobility Report: Resilient 5G uptake - global mobile data traffic set to triple in six years

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Ericsson (ERIC) predicts that global 5G subscriptions will exceed 5.3 billion by the end of 2029. The average data consumption per smartphone is projected to rise from 21GB/month to 56GB/month between 2023 and 2029. Additionally, 85 percent of the global population is expected to have 5G coverage access by the end of 2029.

• Global 5G subscriptions forecast to top 5.3 billion by the end of 2029          
• Continued strong surge in global average data consumption per smartphone - predicted to increase from 21GB/month to 56GB/month between 2023 and 2029           
• 85 percent of the global population to have 5G coverage access by the end of 2029

STOCKHOLM, Nov. 30, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) estimates that almost one-in-five of all global mobile subscriptions will be 5G subscriptions by the end of 2023, as the growth proves resilient despite continued economic challenges and geopolitical unrest in some markets. The statistic is featured in the November 2023 edition of the Ericsson Mobility Report, which estimates that there will be 610 million new 5G subscriptions for the calendar year 2023 - a 63 percent increase on 2022 - bringing the global total to 1.6 billion, about 100 million more than previously predicted.

The latest report - the twenty-fifth edition - has a new upper timeline for statistical forecasts, moving from 2028 to 2029.  In line with recent editions, the November 2023 report confirms enhanced mobile broadband, fixed wireless access, gaming and AR/VR/-based services as the most common early consumer use cases for 5G.

Regionally, the uptake of 5G subscriptions in North America continues to be strong. By the end of 2023 the region is expected to have the highest 5G subscription penetration globally at 61 percent. 5G subscription growth has also been strong in India throughout 2023. At the end of 2023 - fourteen months after its commercial launch - 5G penetration is expected to have topped 11 percent in India.

In the six years between the end of 2023 and 2029, global 5G subscriptions are forecast to increase by more than 330 percent - from 1.6 billion to 5.3 billion. 5G coverage is forecast to be available to more than 45 percent of the global population by the end of 2023 and 85 percent by the end of 2029. North America and the Gulf Cooperation Council are expected to have the highest regional 5G penetration rates by the end of 2029 at 92 percent. Western Europe is forecast to follow at 85 percent penetration.

Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson, says: "With more than 600 million 5G subscriptions added globally this year, and rising in every region, it is evident that the demand for high performance connectivity is strong. The roll-out out of 5G continues and we see an increasing number of 5G standalone networks being deployed, bringing opportunities to support new and more demanding applications for both consumers and enterprises."

The global average data consumption per smartphone keeps growing. Total mobile data traffic is estimated to grow threefold between the end of 2023 and end of 2029 - attributed to factors such as improved device capabilities, an increase in data intensive content and continued improvements in the performance of deployed networks.

Peter Jonsson, Executive Editor, Ericsson Mobility Report, Ericsson, says: "The rate of data growth in mobile networks clearly reflects consumers' passion for enhanced mobile broadband-related applications. This trend will increase in pace as more consumers worldwide embrace 5G and new use cases emerge, triggering further growth in data traffic. As most traffic is generated indoors, where people typically spend most of their time, there is a growing need to extend 5G mid-band coverage both indoors and outdoors to ensure a comprehensive 5G experience in all locations."

5G mid-band combines high capacity with good coverage, making it an ideal choice for delivering the full 5G experience. Global 5G mid-band population coverage is currently more than 40 percent, an increase from 30 percent in 2022. The increase is mainly driven by large mid-band deployments in India, but also several mid-band deployments in Europe.

The report also explores wireless connectivity for the manufacturing industry, how 5G is becoming a key determinant of production output and how it enables the agility required to support rapid changes and reallocation of resources.

The November 2023 Ericsson Mobility Report includes three in-depth articles:          

• Large-scale 5G SA deployment to drive digital transformation in India.           
• Demand for indoor connectivity driving the need for enhanced performance.           
• 5G-enabled agility in gigafactories and green steel plants

Ericsson will host an Ericsson Mobility Report webinar at 9.00 (CET) and at 18.00 (CET) on Thursday, November 30. To join please register here

Read the full November 2023 Ericsson Mobility Report

The Ericsson Mobility Report has been the key industry reference source for network data, performance, statistics, and forecasts since its launch in 2011. Based on unique Ericsson and partner global network insights.

Related links:
Ericsson Mobility Report
Ericsson Mobility Report Business Review edition
Ericsson 5G
Ericsson 4G and 5G Fixed Wireless Access

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ABOUT ERICSSON:
Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company's portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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SOURCE Ericsson

FAQ

What is Ericsson's (ERIC) prediction for global 5G subscriptions by the end of 2029?

Ericsson (ERIC) predicts that global 5G subscriptions will exceed 5.3 billion by the end of 2029.

How much is the average data consumption per smartphone projected to increase by 2029?

The average data consumption per smartphone is projected to rise from 21GB/month to 56GB/month between 2023 and 2029.

What percentage of the global population is expected to have 5G coverage access by the end of 2029?

85 percent of the global population is expected to have 5G coverage access by the end of 2029.