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India projected to have 700 million 5G subscribers by 2028

According to a report released on Wednesday, 5G mobile subscriptions in India reached approximately 10 million by the end of 2022 and are expected to reach approximately 700 million by the end of 2028, accounting for about 57% of mobile subscriptions in the country.

According to the Ericsson Mobility Report, average data traffic per smartphone is expected to rise from 26GB per month in 2022 to around 62GB per month in 2028.

Smartphone subscriptions in India are expected to rise from 76% last year to 93% in 2028, as a percentage of total mobile subscriptions.

Furthermore, 4G subscriptions are expected to fall from 820 million in 2022 to 500 million by 2028, according to the report.

“Mobile networks continue to play a pivotal role in driving social and economic inclusion in the country. The strong digital infrastructure being established in India will help the country bridge the digital divide, create jobs, drive entrepreneurship and boost the economy,” said Nitin Bansal, Head of Ericsson India and Head of Network Solutions for Southeast Asia, Oceania and India, Ericsson.

The country’s smartphone subscriptions are expected to grow at a 5% CAGR, reaching over 1.14 billion by 2028, up from 840 million at the end of last year.

According to the report, smartphone subscriptions in India as a percentage of total mobile subscriptions are expected to rise from 76% in 2022 to 93% in 2028.

Total mobile data traffic in India is expected to grow at a CAGR of 22% from 18 exabytes (EB) per month in 2022 to 58 EB per month in 2028.

The region’s total mobile subscriptions are expected to reach 1.2 billion by 2028.

Globally, 5G subscriptions are increasing in all regions and are expected to reach 1.5 billion by the end of 2023.

“The global adoption of 5G technology has surpassed one billion subscriptions, bringing positive revenue growth for communications service providers in leading 5G markets,” said Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson.

Around 240 communications service providers (CSPs) have launched commercial 5G services globally, with approximately 35 having deployed or launched 5G standalone (SA).

 

 

 

 

 

 

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