The Swedish tech company expects 5G devices market to expand exponentially over the next 5 years. A report issued by Ericsson on Tuesday indicates that IoT (Internet of Things, that includes non-computer connected objects) will see its growth explode with 5G connections available, as they foresee that the connected devices’ market will be multiplied by five.
As of today, this market represents 700 million units, and by 2023 their report see a size of 3.5 billion IoT devices. Last November, Ericsson’s expectations were of half this number.
Patrik Carwall, head of industry marketing department at Ericsson thinks that among those 3.5 billion, 1 billion devices will use 5G. He added
“We have been reporting on mobile industry development for a number of years. However, this report is probably one of the more exciting ones because we are at the start of a big change in the industry.”
5G will start to be available on markets like North America, South Korea, Japan and China, and expect that 20% of wireless data will go through 5G network.