Ericsson projects more than 580m 5G subscriptions by end-2021

It also expects 3.5 billion subscriptions and 60% population coverage by the end of 2026.

Ericsson projected that 5G mobile subscriptions will exceed 580 million by the end of 2021 due to the daily subscriptions of around one million.

The projection featured in the 20th edition of Ericsson Mobility Report supports the expectation that 5G will be the “fastest adopted mobile generation of all time,” with 3.5 billion subscriptions and 60% population coverage expected by the end of 2026.

The pace of 5G adoption, however, varies per region, with Europe at a slower start and "has continued to fall far behind" China, United States, Korea, Japan, and the Gulf Cooperation Council  (GCC) markets in terms of the pace of 5G deployments.

“5G is expected to surpass a billion subscriptions two years ahead of the 4G LTE timeline for the same milestone. Key factors behind that include China’s earlier commitment to 5G and the earlier availability and increasing affordability of commercial 5G devices. More than 300 5G smartphone models have already been announced or launched commercially,” Ericsson said in a release.

This commercial 5G momentum is expected to continue in coming years, spurred by the enhanced role of connectivity as a key component of post-COVID-19 economic recovery,” it added.

Martin Wiktorin, head of Ericsson Singapore, Brunei, and the Philippines, said 5G will play a “critical role” in digital transformation for enterprises including small and mid-size enterprises and multinational corporations.

“As one of the first few markets in the world to have a 5G SA (Standalone) network, Singapore will benefit from the latest 5G technologies that will enable a variety of advanced use cases. This will range from immersive entertainment experiences, smart city applications, to 5G for business solutions empowering higher efficiency and productivity,” he said.

Ericsson further said that North East Asia is expected to have the largest share for 5G subscriptions by 2026, estimated at 1.4 billion subscriptions, while North American and GCC markets were expected to have the highest 5G subscription penetration, comprising 84% and 73% of all regional mobile subscriptions, respectively.

It also said the mobile subscriptions in South East Asia and Oceania exceeded 1.1 billion, with 5G subscriptions below two million. 5G subscriptions were expected to reach about 400 million by 2026.

Ericsson, meanwhile, also said that in its ConsumerLab report, one million smartphone users in Singapore were likely to upgrade to 5G. It also showed that 28% of users were owning a 5G ready smartphone while still on a 4G plan which indicates the “need to address the 5G knowledge gap."

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The sector scored 72.7/100 points in customer satisfaction in the Customer Satisfaction Index of Singapore.
The new system, set for implementation in 2022, will provide migrant workers with quality, affordable and accessible healthcare catered to their needs.
Four medical suppliers saw an average 48% increase in stocks as markets reacted to the new variant.
Their pre-departure tests in South Africa on 26 November were negative.
The new skills maps serve as a resource for training providers and financial institutions to design family office-related training.
Its high costs make the country a top choice for companies with higher-valued-added manufacturing.
HongKongLand had the most growth for the day.
It surpassed the Bloomberg consensus estimate of 14.5%.
The agreement aims to grow tourism and economic activities as borders reopen. 
It will also enter a loan agreement worth $210.6m.
The acquisition will be fully funded by cash through internal resources.
These countries are Cambodia, the Maldives, Sri Lanka, Thailand, and Turkey.
The decrease was driven by profit declines in their beer and non-alcoholic businesses.
Sources say the state-owned Chinese firm is in talks with advisers about the potential divestment.