MUMBAI: A report by 5G Americas states that 5G is expected to accumulate connections starting in late 2018 and by 2022, it is forecast to have almost 400 million connections worldwide. 4G LTE is expected to reach over 5.6 billion connections globally in 2022 at which time LTE market share will stand at 60 per cent, according to a report by ET Telecom.
5G America, in a statement citing Ovum data, said that the global LTE connections grew by more than one billion connections from June 2017 to June 2018 with a growth rate of 43 per cent. With all subscription data provided by Ovum, the LTE market share compared to all other mobile wireless technologies achieved 42.3 per cent at the end of the second quarter of 2018 with a global total of 3.6 billion LTE connections.
Ovum senior analyst Kristin Paulin said, “Globally, total mobile connections grew by 6 per cent in the year to the second quarter of 2018, while LTE connections grew a stronger 43 per cent during this time. This substantial LTE foundation leads to the anticipation that soon we will start to see 5G make inroads.”
Latin America and the Caribbean added 82 million new LTE subscriptions with 52 per cent growth year over year from June 2017. At the end of the second quarter, there were nearly 241 million LTE connections in the Latin America region on commercial LTE networks across all countries.
5G Americas president Chris Pearson said, “These are exciting days for North America as the early commercial realisation of 5G technology is just around the corner. At the same time, the US and Canadian service providers are heavily invested in the innovation roadmap of LTE to deliver tremendous throughput speeds and coverage as the foundation for future 5G networks.”
Compared to the population of 365 million in North America, LTE achieved a penetration rate over 103 per cent with 376 million connections. North America holds the largest market share for LTE at 77 per cent and 376 million LTE connections. This penetration rate compares to the next two highest regions, Oceania, Eastern and Southeastern Asia at 88 per cent and Western Europe at 66 per cent.