According to the report, as more network deployments take place over the next few years, 5G mobile subscriptions are expected to grow at an annual rate of 83 per cent, reaching 570 million in 2027. This figure will almost equal to the total regional number of 4G subscriptions at that time.

Denis Brunetti, head of Ericsson Vietnam, Myanmar, Cambodia, and Laos states, "With our global scale and expertise, we look forward to continuing our journey in supporting Vietnam with expanded deployments of 4G and 5G networks moving forward. 4G and 5G are enabling Vietnam to unlock the full potential of the Fourth Industrial Revolution and will be the foundation upon which Vietnam can further build on its digital transformation journey.”

The latest Ericsson Mobility Report forecasts that North America will lead the world in 5G subscription penetration in the next five years with 90 per cent of mobile subscriptions in the region expected to be 5G by 2027.

The report also predicts that current global 5G subscriptions will pass the one billion milestone by the end of 2022. 5G is forecast to account for almost half of all subscriptions by 2027, topping 4.4 billion subscriptions.

The 2027 timeline also includes projections that 5G will account for 82 per cent of subscriptions in Western Europe; 80 per cent in the Gulf Cooperation Council region; and 74 per cent in Northeast Asia.

Fredrik Jejdling, executive vice president and head of Networks at Ericsson said, “The latest Ericsson Mobility Report confirms 5G as the fastest growing mobile technology generation ever, and Ericsson is playing a key role in making it happen. We work every day with our customers and ecosystem partners around the world to ensure that millions more people, enterprises, industries, and societies enjoy the benefits of 5G connectivity as soon as possible.“

Source: VIR