Ericsson Sees Fast Growth for 5G, IoT, Cites 'Massive' Cellular Technologies

Ericsson forecast 20 percent of global mobile data traffic will be on 5G networks in 2023, with 3.5 billion IoT cellular connections then. The first commercial deployments of 5G are likely this year, with 50 percent of U.S. mobile subscriptions expected to be on the standard in five years, the company said Tuesday. “The forecast for cellular IoT connections has nearly doubled since November,” Ericsson said. “New massive IoT cellular technologies … are fueling this growth.”