Consumers Willing to Pay More for 5G

Consumers are willing to pay more for 5G wireless than for current 4G service, and by 2025, 20% of people around the world could be using 10 times more data. 

Those are some findings from a consumer survey about 5G conducted by Ericsson. The networking giant polled 35,000 consumers in 22 countries, including 4,500 in the U.S.

It initially surveyed consumers about their awareness of 5G. About 15% to 20% of Americans say they’re familiar with the technology. It then provided some education about 5G’s capabilities before asking deeper questions, said Jasmeet Sethi, head of Ericsson’s ConsumerLab.

Tech companies “are talking a lot about peak speeds and coverage, but seldom do they talk about what what they can really enable in 5G,” Sethi said. “What operators and the whole industry need to do is generate more awareness.”

Source: Ericsson