Ericsson has released its Mobility Report covering updates on mobile trends. It also shares forecast data, analysis and insight into mobile traffic, subscriptions, and consumer behavior.
As per the report, 70 percent of the world’s population will be using smartphones by the year 2020 and 90 percent of them will be covered by mobile broadband networks. The developing regions will witness 80 percent growth in terms of smartphone subscriptions.
Talking about the report findings, Rima Qureshi, Senior Vice President, Chief Strategy Officer, Ericsson, said, “This immense growth in advanced mobile technology and data usage, driven by a surge in mobile connectivity and smartphone uptake, will makes today’s big data revolution feel like the arrival of a floppy disk. We see the potential for mass-scale transformation, bringing a wealth of opportunities for telecom operators and others to capture new revenue streams. But it also requires greater focus on cost efficient delivery and openness to new business models to compete and remain effective.”
The report further highlight that, the video traffic will increase by 55 percent per year and will in turn give prevalence to the video content online. Moreover, the mobile video traffic will constitute 60 percent of the mobile data traffic by the year 2020.