Data presented by AksjeBloggen.com has shown that the COVID-19 pandemic, which forced people across to globe to change their daily lives and, in many cases, work or study from home will force subscription on 5G to hit 2.1 billion by 2024.
This is coming as the President and Chief Executive Officer of Nokia, Pekka Lundmark insisted the support of mission-critical applications will be a game-changer for 5G in the industrial sector, boosting economic growth, improving productivity and sustainability.
According to the data, the surge in internet use, especially in the Covid-19 period has placed enormous demands on communication networks and increased the need for more robust solutions like 5G technology.
“The Covid-19 has highlighted the importance of seamless communication technology in keeping social networks connected and economic systems resilient. That is why service providers continued to switch on 5G, despite the uncertainty caused by the pandemic,” the report noted.
In 2019, Ericsson Mobility Report revealed that there were 12 million active 5G subscriptions worldwide. However, this figure jumped to 217 million last year, an eighteen-fold increase amid the COVID-19 crisis.
Statistics indicate the number of 5G subscriptions is expected to continue growing strongly and hit 617 million in 2021, a 5000% increase in two years. This figure is set to double and reach nearly 1.2 billion next year. By 2026, the number of 5G subscriptions worldwide is forecast to surge to almost 3.5 billion.
Statistics show the number of 5G subscriptions in North-East Asia, as the leading region, is set to reach 490 million in 2021. This figure is expected to jump by 146% and hit 1.2 billion in the next three years or 57% of all 5G subscriptions worldwide.
North America represents the second-largest region with 60 million subscriptions in 2021. This figure is forecast to hit 276 million by 2024, a 360% increase in three years. However, Europe is set to witness the most impressive growth, with the number of 5G subscriptions surging by almost 500% in this period and reaching 214 million.