The telecom universe continues its bullish outlook on the future of 5G. According to Ericsson’s latest prediction, 40 percent of the world’s population will be covered by a 5G network by 2024. That’s a lot of small cells.
According to Ericsson’s latest mobility report mobile data grew an incredible 79 percent in the last year and cellular IoT connections are expected to pass the 4-billon mark by 2024.
That’s a lot of network capacity.
“As 5G now hits the market, its coverage build-out and uptake in subscriptions are projected to be faster than for previous generations,” Fredrik Jejdling, Ericsson’s Executive Vice President and Head of Business Area Networks, says. “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.”