5G is projected to account for almost 40% of mobile subscriptions in India – 500 million – by the end of 2027, according to the latest Ericsson Mobility Report.
According to the Swedish vendor, even though 5G has not been launched commercially, there is already a good foundation for 5G uptake in India. An Ericsson ConsumerLab study indicated that 40 million smartphone users in India could take up 5G in its first year of availability.
“Additionally, 21% of respondents that are smartphone users indicated that they already have a 5G-ready device. Indian consumers also claim to be willing to pay 50% more for 5G bundled plans. This presents a unique opportunity to grow revenue within a market that has historically had very low ARPU,” Ericsson said.
