Ericsson, a multinational telecommunications company says that 5G will soon become the fastest adopted mobile generation in history.
Ericsson made this known in a statement on Wednesday in Lagos, noting that subscriptions were increasing at a rate of about a million per day.
According to the report, China, North America and the Gulf Cooperation Council markets are leading the way on subscriber numbers, while Europe is off to a slow start.
It said that 5G subscriptions with a 5G-capable device grew by 70 million during the first quarter of 2021 and is forecast to reach 580 million by the end of 2021.
The forecast, which features in the 20th edition of the Ericsson Mobility Report, enhances the expectation that 5G would become the fastest adopted mobile generation.
It said that about 3.5 billion 5G subscriptions and 60 per cent 5G population coverage, had been estimated by the end of 2026.
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The report, however, said the pace of adoption varies widely by region, adding that Europe was off to a slower start and has continued to fall far behind China, the U.S., Korea, Japan and the Gulf Cooperation Council (GCC) markets in the pace of 5G deployments.
According to the report, 5G is expected to surpass a billion subscriptions two years ahead of the 4G Long Term Evolution (LTE) timeline for the same milestone.
The report said that key factors behind the growth included China’s earlier commitment to 5G, availability and increasing affordability of commercial 5G devices.
