60% of the global population to have 5G access in the next 5 years
With the 5G network promising to unlock the potential of the technological sector, more consumers are expected to progressively utilize the system in years to come. The 5G option is becoming more popular as different players create the infrastructure to accommodate the technology.
Data acquired by Finbold projects that about 4.74 billion people, or 60% of the global population, will have access to 5G coverage by 2026. LTE and 3GPP will have coverage rates of 96% each in the same year. As of 2021, 1.97 billion people have access to 5G technology, accounting for 25% of the population. LTE technology has a 95% coverage and 3GPP has a coverage of 86%.
The 2021 access shows that 5G has become mainstream. This is evident by 32% of the world's population having access to the technology. 3GPP still holds a dominant position with 96%, while LTE is 88%. Ericsson Mobility Visualizer provides data about the projected coverage of 5G according to the most recent updates as of June 20, 2021.
Drivers needed for 5G adoption
The network's unique advantages over existing systems such as 4G are expected to drive the projected growth in 5G technology. 5G technology allows high-data-intensive applications to run efficiently and with low latency. The network allows for high-intensive operations and can handle a large number of devices.
The technology's ability to respond quickly and speed is what most consumers love. It is widely believed that the technology will continue to unlock the potential of other technological trends.
It is worth noting that 5G technology has been widely hyped globally due to its potential use cases beyond mobile broadband. The difference between 5G and other networks is its primary focus that lies on machine-type communication enabling the Internet of Things (IoT). The network will play an important role in the development of self-driving cars and drones, as well as virtual reality and the internet of everything.
By accounting for over half of the global population by 2026, it is worth mentioning that the coverage will be concentrated on a select few regions led by Asia, the US, and Europe. Already, these regions have built the system and infrastructure for the technology's adoption.
Other regions are still creating the infrastructure necessary to support the technology. These regions will likely catch up in 2026.
Adoption of 5G: Challenges
The 5G technology is on the rise, but there are still challenges that could impede the progress. The network needs access to multiple spectrum bands with different attributes. The slow uptake of most areas has been due to the restricted access to spectrum bands in other parts of the globe.
In addition, the cost of setting up 5G infrastructure can be very expensive, particularly when it comes to establishing the infrastructure. Many regions depend on 4G telecom infrastructure, which must be expanded and upgraded.