By 2020, 90% of People over Six Will Have Mobile Phones

According to the latest Ericsson Mobility Report, 90% of the world’s population over six years old will have a mobile phone by 2020.

Cell phones are growing at an astounding rate. Ericsson predicts a total of 9.5 billion mobile subscriptions in just five years.

Based on projections, smartphones subscriptions will exceed basic phones by 2016 as they become more affordable in developing markets. Of the expected 9.5 billion subscriptions, 6.1 billion will be for smartphones by the end of 2020.

Cell phone users in the Middle East, Africa and Asia Pacific are now trading in their basic phones for more versatile smartphones because those devices have now reached an affordable price point. In many cases, a smartphone may be a person’s only opportunity to access the Internet, which is why these phones are being bought at such a rapid pace.

In the third quarter of 2014, there were 110 million new mobile subscriptions throughout the world. The largest portion of those subscriptions came from Arica and Asia Pacific, totaling 26 million and 22 million, respectively.

85% of the mobile subscriptions in the Middle East, Africa and Asia Pacific are projected to be 3G or 4G by 2020. At this time, 3G/4G capabilities only represent 20% of the subscriptions for the Middle East and Africa, and 35% for Asia Pacific. North America boasts a full 100% for 3G/4G technology across its subscriptions, and Western Europe should be at this level by 2020.

Citizens in every country are adapting to mobile devices now more than ever. If the growth trend continues, the entire world will soon be consumed by this convenient and versatile technology.

About Justin Hefner

Justin Hefner is in the education field and has written about a number of financial issues. He holds a Bachelor of Arts from Texas Tech University and a Masters in Education from Texas State. Justin can be contacted at [email protected]