5G networks will have the fastest expansion of all mobile telephony standards launched to date, or at least that's what Ericsson says in a recently published study. According to him, the new 5G networks will cover approximately 1.5 billion people and 40% of mobile phone networks by 2024, much faster than what happened in the case of the creation 4G mobile networks for people all over the world.
We are talking about an extremely fast expansion for this type of mobile phone networks, and this is because in 2019 the first ones will be opened, and from 2020 there will be launches on a somewhat larger scale. Offering 5G services to 40% of telecom networks in just 5 years after the launch of the first services is something truly amazing, and Ericsson makes it clear that this rapid coverage of the planet's population is perfectly possible at the moment.
Same study he also says that people will want to try the new technology as quickly as possible to enjoy the very high download speeds and very low latencies, so that the subscriptions will sell "like hot cakes". Of course, here we are talking about developed countries, where the customers of telecom operators have the money to benefit from the new technologies right from the moment of launch, the subscriptions for these services being quite expensive at the beginning.
As 5G now hits the market, its coverage build-out and uptake in subscriptions are projected to be faster than for previous generations. At the same time, cellular IoT continues to grow strongly. What we are seeing is the start of fundamental changes that will impact not just the consumer market but many industries.
Although it is estimated that by 2024 5G networks will have 40% global coverage among telecom operators, for Europe only 29% is estimated due to the difficulty with which partnerships are concluded with equipment suppliers. Everything "sounds good" in the studies, but from them to what happens in reality is a very long way, so it remains to be seen if in 2024 we will have such good coverage, but also what prices will had the services.
