And that's just in Asia and North America, IHS says.
Corinne ReichertSenior Writer
Corinne Reichert (she/her) grew up in Sydney, Australia and moved to California in 2019. She holds degrees in law and communications, and currently writes news, analysis and features for CNET across the topics of electric vehicles, broadband networks, mobile devices, big tech, artificial intelligence, home technology and entertainment. In her spare time, she watches soccer games and F1 races, and goes to Disneyland as often as possible.
I've been covering technology and mobile for 12 years, first as a telecommunications reporter and assistant editor at ZDNet in Australia, then as CNET's West Coast head of breaking news, and now in the Thought Leadership team.
subscribers are expected to reach 1.1 billion by 2023 across the Asia-Pacific and North America regions, where the next-generation network has been launched. That would be triple the number of subscribers 4G reached in the same five-year time period after launching, IHS Markit said in a report released Wednesday.
North America will have 294 million 5G subscriptions by 2023 while Asia-Pacific will have 785 million, IHS predicts. The rapid uptake of 5G is due to the early release of 5G phones, Elias Aravantinos, principal analyst at IHS Markit, said.
"During 4G's first year of launch, there were only three smartphones available ... 5G boasts at least 20 smartphone designs available for release to the market this year," he said. Aravantinos thinks 5G will be in most phones by 2023.