Ericsson: 50% of all mobile traffic will be video by 2020

Ericsson's top executives painted a picture of the world in 2020 in which there will be 9 billion people on the planet, 9.1 billion mobile subscriptions and video traffic will dominate, accounting for at least 50 percent of all traffic on the network.

Ericsson CEO Hans Vestberg talked about how he believes the world is in the midst of a major technology revolution and that one of the challenges he faces is how to position his company so it will be relevant today as well as in the next 25 years. One way he is helping to position Ericsson and the telecom industry for the future is by making sure that organizations such as the United Nations understand the role Information, Communications and Technology, or ICT, will play in moving many different types of industries, such as healthcare, transportation and more.