NEW DELHI India is expected to have 700 million 5G subscribers by the end of calendar 2028, accounting for 57% of its 1.2 billion mobile phone users, making it the fastest growing 5G market globally, said the Swedish telecommunications equipment maker Ericsson in a report.
NEW DELHI India is expected to have 700 million 5G subscribers by the end of calendar 2028, accounting for 57% of its 1.2 billion mobile phone users, making it the fastest growing 5G market globally, said the Swedish telecommunications equipment maker Ericsson in a report.
With the 5G user base set to expand, 4G subscriptions are forecast to fall from 820 million in 2022 to 500 million by 2028, according to Ericsson Mobility Report 2023.
With the 5G user base set to expand, 4G subscriptions are forecast to fall from 820 million in 2022 to 500 million by 2028, according to Ericsson Mobility Report 2023.
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“Mobile networks continue to play a critical role in driving social and economic inclusion in the country. The strong digital infrastructure being established in India will help the country to bridge the digital divide, create jobs, boost entrepreneurship and boost the economy,” said Nitin Bansal. , Head of Ericsson India and Head of Network Solutions for South East Asia, Oceania and India at Ericsson.
Ericsson expects smartphone subscriptions in the country to post a compound annual growth rate (CAGR) of 5%, reaching more than 1.14 billion by 2028 from 840 million at the end of December 2022.
Smartphone subscriptions in India as a share of total mobile subscriptions are expected to grow from 76% in 2022 to 93% in 2028, it said.
The report projected that average data traffic per smartphone would grow from 26 GB per month in 2022 to around 62 GB per month in 2028, a CAGR of 16%. Total mobile data traffic is estimated to grow from 18 EB (Exabyte) per month in 2022 to 58 EB per month in 2028, registering a CAGR of 22%.
5G subscriptions are increasing in all regions of the world and are projected to reach 1.5 billion by the end of 2023. Global mobile network data traffic continues to grow and average monthly usage per smartphone is expected to exceed 20 GB by the end of this year. In North America, 5G subscription growth has been stronger than expected in previous forecasts. At the end of 2022, the region had the highest global 5G subscription penetration at 41%.
Other major 5G markets also showed continued revenue growth. Global 5G adoption has surpassed 1 billion subscriptions, boosting revenue for telecom operators. “We see a strong link between the increase in 5G subscriptions and revenue from services. Over the past two years, the introduction of 5G services in the top 20 markets has resulted in a 7% revenue increase. This trend shows the growing value of 5G, which benefits both users and service providers,” said Fredrik Jejdling, Executive Vice President and Head of Networks at Ericsson.