Ericsson has released the November 2020 edition of the Ericsson Mobility Report and it contains good news for 5G.

The Ericsson Mobility Report provides a snapshot of the mobile industry and can provide valuable insights into current technology and trends. Not surprisingly, recent reports have been dominated by the rollout of 5G. The November 2020 report(PDF) is no different, signaling that 5G rollout is marching on, impacting a number of industries.

According to Ericsson, some 1 billion people — or 15% of the world’s population — will live within 5G coverage by the end of 2020. Equally impressive, some 3.5 billion 5G subscriptions are forecast by the end of 2026. Despite its slow start, in relation to Asian countries, North America is projected to account for 80% of 5G subscriptions in 2026.

The report also demonstrates the impact 5G will have on related industries. For example, while there are currently 7.9 billion mobile subscriptions, Ericsson expects this to increase to 8.8 billion by the end of 2026. Significantly, some 91% of those will be for mobile broadband — not surprising given the speeds promised by 5G.

It’s no secret companies are looking to 5G as the next evolution of broadband, providing fast speed, security and the possibility of high-speed connections in areas where traditional wired connections are prohibitive. According to Ericsson, “fixed wireless access (FWA) connections are forecast to grow more than threefold and reach over 180 million by the end of 2026, accounting for around 25 percent of total mobile network data traffic globally.”

Ericsson emphasizes that 5G is no longer a novelty, and is beginning to live up to the transformational potential it has promised.

“The fundamental need for good connectivity is a cornerstone for this change, clearly visible in this edition of the Ericsson Mobility Report as the demand for capacity and coverage of cellular networks continues to grow. 5G is no longer just a novelty. Instead it is entering the next phase, when many new devices and end-user applications make the most out of the technological benefits it provides, while communications service providers worldwide continue the build-out of 5G.”