Indian 5G mobile subscriptions to reach 130 million by 2023

Indian 5G mobile subscriptions to reach 130 million by 2023
5G subscriptions in India are projected to reach 130 million by 2023 and are expected to surge to 860 million by 2029. According to Ericsson, 5G subscriptions will account for 68% of mobile subscriptions in India by the end of 2029. "Our global deployment experience and technology leadership have enabled us to support India in its 5G journey. Mobile networks continue to play a pivotal role in driving social and economic inclusion in India, thereby supporting the government's vision to transform the country into a digitally empowered society", said Nitin Bansal, Head of Ericsson India.
4G remains the dominant subscription type driving connectivity and fueling data growth in the country. However, as customers switch to 5G, 4G subscriptions are expected to decrease from 870 million in 2023 to 390 million by 2029.
The total number of mobile subscriptions in the region is estimated to increase to 1.27 billion by 2029. India has the highest average data traffic per smartphone globally, and it is expected to rise from 31GB per month in 2023 to approximately 75 GB per month in 2029, showing an annual growth rate of 16 percent. According to the report, the total mobile data traffic is predicted to increase from 26 EB (exabyte) per month in 2023 to 73 EB per month in 2029, with a compound annual growth rate of 19 percent.
The proportion of smartphone subscriptions to total mobile subscriptions in India is expected to increase from 82 percent in 2023 to 93 percent in 2029. Moreover, globally, there will be an additional 610 million new 5G subscriptions in 2023 which is a 63 percent increase from the previous year, 2022. This will bring the total number of 5G subscriptions worldwide to 1.6 billion, which is approximately 100 million more than the previous prediction.
In the six years between the end of 2023 and 2029, global 5G subscriptions are forecast to increase by more than 330 percent - from 1.6 billion to 5.3 billion. 5G coverage is forecast to be available to more than 45 percent of the global population by the end of 2023 and 85 percent by the end of 2029, said the report. "With more than 600 million 5G subscriptions added globally this year, and rising in every region, it is evident that the demand for high-performance connectivity is strong", said Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson.
Source: IANS