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Global 5G Adoption to Triple in 2021

This is a syndicated repost published with the permission of Statista | Infographics. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

While mobile internet connections on 4G networks are quick enough for most average users, enabling them to stream HD video or download music, apps and games on the go, 5G, the next evolution of wireless networks, has already arrived and is expected to take off this year.

While Samsung and several other smartphone makers released their first 5G handsets in 2019, Apple jumped on the 5G bandwagen in the fall of 2020, bringing the new standard to the entire iPhone 12 product line. Having sold more smartphones in the last three months of 2020 than any company ever before in a single quarter, Apple’s 5G debut definitely provided a major boost to the new technology.

According to estimates from Ericsson’s latest Mobility Report, the number of 5G smartphone subscriptions worldwide will rise to 600 million by the end of this year, almost tripling from the 2020 total. By 2022, 5G subscriptions will become the de-facto standard, surpassing the one-billion mark according to Ericsson’s estimates.

This chart shows a forecast of 5G subscriptions worldwide.

5G subscription forecast

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