India’s 5G subscriber base is projected to grow threefold to reach 970 million by 2030, representing 74% of the total mobile customer base, according to a recent report by Ericsson. Based on Ericsson ConsumerLab research, the report highlights the growing impact of Generative AI applications as a key driver for enhanced 5G performance. By the end of 2024, the report estimates that 5G subscriptions in India will exceed 270 million, or 23% of total mobile subscriptions. By 2030, this number is expected to soar to 970 million, reflecting the increasing reliance on 5G networks nationwide.
Globally, 5G subscriptions are set to reach nearly 2.3 billion by the end of 2024, accounting for 25% of all mobile subscriptions, with projections for 6.3 billion by 2030. The report also anticipates that 5G subscriptions will surpass 4G globally in 2027. In India, 67% of 5G smartphone users are expected to use Generative AI applications weekly within the next five years. Additionally, smartphone users are becoming increasingly willing to pay extra for guaranteed performance, with one in six 5G users indicating they would spend 20% more on their monthly mobile bills for assured connectivity at event venues, such as video calling, streaming, and online payments.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.