Ericsson: Video Driving Mobile Data Traffic
Ericsson (NASDAQ:ERIC) has released the newest edition of its Mobility Report, indicating that mobile-data traffic is expected to continue to grow significantly in the coming years, a trend driven mainly by video. Among the findings:
- Video traffic has been growing by 60% annually, driven by better network speeds.
- Total global smartphone subscriptions hit the 1.2 billion mark in 2012, and are expected to reach 4.5 billion by the end of 2018.
- 60% of the world's population is expected to be covered by LTE in 2018.
- Smartphone users spend the most time on social networks, an average of 85 minutes a day in some networks.
- Data traffic volumes doubled between Q1 2012 and Q1 2013 and are expected to grow 12-fold by 2018.