New research claims there will be 5 billion mobile phone subscriptions on the planet by 2016.
According to a report released by Ericsson, the US Census has projected that there will be 7.3 billion people on the planet by 2016 - Ericsson claims that around 5 billion people will have mobile subscriptions.
The report also claims that mobile web traffic is also on the rise, rising by 60 percent every year until 2016. The cause of increased mobile web traffic is being attributed to video streaming and downloads.
The company also predicts that around 30 percent of web-browsing mobile customers will live in metropolitan cities which will have a population density of 1,000 people per square kilometer.
The cities, according to a report in The Register, will be only 1 percent of the earth's total land area. These cities will be responsible for generating 60 percent of the world's mobile web traffic.
"Ericsson performs a broad range of measurements in order to monitor the pulse of the Networked Society - measurements that we use to efficiently design our products and plan networks. This report offers snapshots that, together, show how a growing number of people and businesses benefit from mobility, broadband and the cloud," said Johan Wibergh, head of Ericsson Business Unit Networks.