Although the markets are still in the period of adoption and adaptation to the new reality of 5G, the next steps are already beginning to be taken to ensure that everyone can enjoy the new generation network. Data from the Ovum consultancy report that in 2019 there were about 5 million subscriptions for 5G services, but the forecast is that by 2024 there will be 1.9 billion. And this without counting the growing number of IoT connections, which during the same period will quadruple from one to four billion.
And the numbers become a real snowball in the forecasts for the next five years. In 2025, 40% of the world population will have 5G coverage, and will have a consumption rate of 14%, that is, 1 in 7 calls will be of the fifth generation.
It is the so-called era of intelligent connections that, with the growth of 5G equipment, will force 3GPP, the organization responsible for the management and standardization of technology, to create a whole wireless ecosystem based on standards in order to connect all mobile devices and their respective communications networks. And in that sense, new features and specifications are arriving in the new updates, creating foundations for the launch of commercial 5G.
The first phase started in 2015, ending in 2018, with the so-called Release 15, whose concern was to create standards for massive communications between machines, low latency for critical communications. In the field, the network architecture for MTC (Massive Machine-Type Communications) and IoT (Internet of Things), V2X (Vehicle-to-Everything and connectivity for critical missions using old systems) was created. unlicensed, among other service architectures.
But the 3GPP mission is far from complete. And we already think about what was called 5G Evolution, the launch of specification documents of Release 16-17. Release 16 will be completed in March this year, and aims to develop the network with a positive impact in multiple industries. Release 17, on the other hand, aims to be completed by July 2021 and focuses on adding greater flexibility to the radio signal.