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1 billion 5G subscriptions by 2023 – Ericsson Report

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Telecom equipment maker Ericsson predicts there will be at least 1 billion 5G subscriptions in 2023.

5G stands for fifth-generation network technology.

It’s expected to transform our digital lives. It will increase download speeds that are around 100 times faster than today’s cellular connections and 10 times faster than our speediest home broadband service.
It’s also expected to accelerate new technologies like augmented reality, help self-driving cars send time-critical messages to one another, and link to the network everything from pollution sensors to health monitors.

The technology is expected to be first deployed in dense urban areas. Ericsson said more than 20 percent of the world’s population will have access to 5G by the end of 2023. Early 5G deployments are expected in several markets, including the US, South Korea, Japan and China.

5G networks are expected to arrive in 2019.
Chipmaker Qualcomm has also said 5G will come to your phone the same year.

Ericsson also said in its semi-annual report that demand for mobile data in general is surging. It expects 110 Exabyte of data per month to travel over mobile networks by 2023. This equals about 5.5 million years of streaming HD video each month. North America is leading the way with the highest average monthly usage, exceeding 7GB of data a month by the end of 2017.

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