The past decade has seen remarkable advancements in technology, with increased connection speeds and a greater demand for higher quality communication from consumers. Nowhere is this more evidenced than the transition towards 5G networks that is currently underway across the globe. According to Ericsson Mobility Report, an impressive three-quarters of telecommunications service providers are now offering fixed wireless access services via 5G. This shift has already started to make an impact; between July and September 2022 alone, almost 110 million subscriptions gained the 5G network worldwide, while 4G subscriptions increased by 41 million. It’s clear that this trend will continue pushing forward; it is estimated that by 2028, 5G networks will exceed five billion globally and fixed wireless access connections will exceed 300 million in six years’ time. Now two regions stand out as having particularly effective adoption of 5G networks: North America and Northeast Asia are expected to reach around 35% connection penetration by the end of 2022. This can be attributed in part to there already being nearly 230 carriers offering such services today across those regions, ensuring that customers have access to the high speed communication they need.
Mobile subscriptions are also likely to become increasingly popular with time; by 2028 they are estimated to exceed 9.2 billion with most of them being for smartphones. Network modernization combined with a balanced approach to performance will prove key for reducing environmental impacts due to increasing data traffic from these subscriptions. It’s evident that we are on our way towards a world enabled by 5G networks – one where telecom operators and customers alike can benefit from faster speeds and better service on their everyday communication devices . This means fundamental changes for business operations around the world: innovative products, enhanced customer experience and improved collaboration capabilities for organizations worldwide. In addition, AI-driven services are set to grow rapidly over this period as well, offering insights into consumer behavior and preferences thanks to real-time analytics capabilities enabled through high speed connections provided by 5G . In conclusion it is clear why telecom operators should see this transition as an opportunity rather than a challenge – indeed it offers unprecedented potential for growth in our ever connected age if harnessed effectively. Whether it’s reducing environmental impacts or providing end-users with new levels of communication speed , it looks like we can only expect even bigger things from 5G networks over the next few years!