Ericsson has released its Q4 2020 Ericsson Mobility Report, finding a total of 220 million 5G subscriptions worldwide.

The Ericsson Mobility Report (PDF) provides valuable insight into the wireless industry, including the adoption of new technologies and trends. The biggest factor currently impacting the industry is the rollout of 5G networks around the globe.

According to the latest report, Q4 2020 saw 70 million 5G subscription additions, bringing the total to 220 million. Roughly 130 service providers are now offering 5G.

Interestingly, 4G LTE subscriptions increased by some 90 million, bringing the LTE total to more than 4.5 billion, or 57% of all mobile subscriptions. Ericsson estimates there are 8 billion mobile subscriptions worldwide, representing 6 billion unique subscribers.

This latest report shows the tremendous growth opportunity for wireless carriers, and the long way 5G has to go before it supplants 4G. Carriers are working overtime to roll out the new technology, although some efforts have been hampered by lack of available spectrum. Verizon, AT&T and T-Mobile spent big at the recent FCC auction that freed up valuable mid-band spectrum.

Compelling 5G plans have also been a sticking point for many consumers, with T-Mobile’s recent Magenta Max plan widely viewed as the best 5G plan among the US carriers.