The number of subscriptions for smartphones globally will nearly quadruple by 2018 the son of Eric said. Of course this is good news for Ericsson which is one of the world's biggest supplier of mobile network gear. It claims that there will be 4.5 billion smartphone subscriptions globally by 2018, up from 1.2 billion in 2012 and higher than the 3.3 billion it forecast at the end of last year.
What will push data traffic to grow 12-fold by 2018 is that video as mobile users increasingly use smartphones and tablet computers to watch movies and TV on-the-go.
"Video makes up the largest segment of data traffic in networks, and it is expected to grow around 60 percent annually up until the end of 2018," Ericsson said.
To meet the demand on infrastructure, operators will expand super-fast, high-capacity 4G networks to cover around 60 percent of the world's population by 2018, up from around 10 percent in 2012, the son of Eric claimed. Ericsson has been investing heavily in video technology to capitalize on the growth in traffic and bought Microsoft Mediaroom IPTV business.