The latest regional appendix to the upcoming Ericsson Mobility Report forecasts that LTE subscriptions will expand by 47% from 30 million in 2017 to 310 million by 2023 in Sub-Saharan Africa.
The report also predicted that mobile subscriptions in Sub-Saharan Africa are expected to grow by 6%, between 2017 and 2023, from 700 million mobile subscriptions in 2017 to 990 million subscriptions by 2023.
Moreover, mobile traffic in the Middle East and Africa (MEA) will increase at a compound annual growth rate (CAGR) of 49% while mobile subscriptions for the total MEA region are expected to grow at four percent CAGR between 2017 and 2023, from 1.59 billion in 2017 to 2.03 billion by 2023.
This equates to three percent growth in the Middle East and North Africa, from 890 million mobile subscriptions to 1.04 billion subscriptions between 2017 and 2023.
On the other hand, mobile broadband subscriptions are forecast to grow by 15% for the MEA region from 820 million in 2017 to 1.85 billion by 2023.
This is broken down into a 13% increase for the Middle East and North Africa from 460 million mobile broadband subscriptions in 2017 to 980 million by 2023.
Similarly, Sub-Saharan Africa mobile broadband subscriptions are forecasted to grow by 16% from 350 million in 2017 to 880 million by 2023.
When it comes to LTE subscriptions, the MEA region is expected to grow by 29 percent from 190 million to 860 million by 2023.
This means that LTE subscriptions in the Middle East and North Africa will grow by 23% from 160 million in 2017 to 570 million by 2023.
The Internet of Things (IoT) is facilitating the digital transformation of industries, and providing mobile operators in the Middle East and Sub-Saharan Africa with opportunities to explore new revenue streams.
Cellular IoT subscriptions in the Middle East and Africa are expected to grow from 35 million to 159 million between 2017 and 2023 – a compound annual growth rate (CAGR) of around 30%.
For mobile service providers, traditional revenue sources are shrinking, and so new revenue streams are being explored. “As the world becomes more connected, industries are experiencing an ICT-driven transformation. Industry digitalization revenues for ICT players come from adopting or integrating digital technologies into a specific industry,” Ericsson said.
5G-enabled industry digitalization revenues for IoT in the Middle East and Africa are predicted to reach $242 billion through 2026, the report said.