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5G growth story in India: 700 million users expected by 2028, according to Ericsson Mobility Report

The latest edition of the Ericsson Mobility Report, published in June 2023, highlights the resilience of the global 5G market amid geopolitical challenges and macroeconomic slowdowns in certain regions. Despite these obstacles, communication service providers (CSPs) around the world remain committed to investing in 5G technology. The report shows significant progress in 5G network deployment, particularly in India, where the Digital India initiative is driving massive network deployments. Additionally, North America has witnessed stronger-than-expected 5G subscription uptake. Let’s dive into the key findings of the report.

Rapid growth of 5G subscriptions in India

By the end of 2028, 5G users in India are projected to skyrocket to 700 million, representing a significant 57 percent share of all mobile subscriptions. During this period, average data traffic per smartphone is expected to experience robust growth, growing from 26 GB per month in 2022 to approximately 62 GB per month in 2028, achieving a compound annual growth rate (CAGR) of 16 percent. hundred. In addition, total mobile data traffic is projected to experience substantial expansion, from 18 EB (exabytes) per month in 2022 to 58 EB per month in 2028, reflecting a CAGR of 22 percent.

North America Leading 5G Subscription Penetration

The Ericsson Mobility Report also reveals that North America has exceeded previous forecasts in terms of 5G subscription penetration. As of the end of 2022, North America had the world’s highest 5G subscription penetration, with 41% of the region’s mobile subscriptions using 5G technology. This achievement highlights the region’s proactive approach to adopting next-generation connectivity solutions.

Global increase in 5G subscriptions

The report indicates that 5G subscriptions are increasing in all regions, with an estimated 1.5 billion subscriptions expected globally by the end of 2023. This growth in subscriptions is driving global mobile network data traffic, and average monthly usage per smartphone is projected to exceed 20 GB by the end of 2023.

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Positive revenue growth in major 5G markets

Fredrik Jejdling, Executive Vice President and Head of Networks at Ericsson, highlights the positive revenue growth that major 5G markets are experiencing. The report reveals a strong correlation between the increase in 5G subscriptions and service revenues. Over the past two years, the introduction of 5G services in the top twenty markets has resulted in a seven percent increase in revenue. This trend not only benefits users, but also provides considerable benefits to service providers.

The impact of 5G on the packaging of mobile services

In addition to connectivity, 5G is driving innovation in the mobile service package. The report identifies a growing trend among CSPs, with approximately 58 percent of 5G service providers offering bundles that include popular entertainment services like TV, music streaming, or cloud gaming platforms. This change in the service package demonstrates the industry’s recognition of the value-added opportunities that 5G technology provides.

Strong growth in fixed wireless access (FWA)

Fixed Wireless Access (FWA) is experiencing robust growth across several key metrics, including the number of mobile service providers offering FWA, the proportion of FWA services delivered over 5G, the prevalence of speed-based fee structures and the volume of traffic served. By 2028, 5G is expected to account for nearly 80 percent of all FWA connections.

The role of 5G in India’s digital transformation

Nitin Bansal, Director of Ericsson India and Director of Network Solutions for South East Asia, Oceania and India, emphasizes the crucial role of mobile networks in driving social and economic inclusion in India. He stresses that the strong digital infrastructure being established in the country will close the digital divide, create job opportunities, promote entrepreneurship and strengthen the overall economy.

Projected growth of smartphone subscriptions in India

The Ericsson Mobility Report projects substantial growth in smartphone subscriptions in India, with a compound annual growth rate (CAGR) of 5 percent. By 2028, smartphone subscriptions are expected to exceed 1.14 billion, which will make up approximately 93% of total mobile subscriptions, up from 76% in 2022. This increase in smartphone adoption will facilitate greater access to mobile phones. digital services and will contribute to the digital transformation of India.

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