Swedish gear manufacturer Ericsson increases its 5G forecast

STOCKHOLM (Reuters) – Sweden's Ericsson has increased its 5G subscription forecast by 27 percent to 1.9 billion by 2024, with network coverage providing access to 45 percent of the world's population, the group said on Tuesday. .

Chipset and device vendors must demonstrate strong commitment to bringing next-generation networks into service and increased availability of 5G devices, telecom network equipment manufacturer announced in its report. mobility, published every two years.

Ericsson, which rivals China's Huawei and Finnish rival Nokia, said North America should dominate 5G with 63% of mobile subscriptions expected in its region in the next five years, followed by Northeast Asia. East and Europe.

The company's previous forecast in November forecast 1.5 billion 5G subscriptions in 2024 and network coverage reaching more than 40% of the world's population.

The mobile network sector has gone through a difficult period, as demand for 4G and older network equipment has decreased, 5G spending in North America has boosted growth.

LTE (4G) technology will remain the dominant mobile access subscription technology in the near future, said Ericsson, with nearly 5 billion subscriptions expected by the end of 2024.

The next generation of mobile phone technology should enable faster data speeds and better compatibility with a wider variety of connected devices.