Ericsson on Monday unveiled at Mobile World Congress a report that lays out a roadmap for operators to unlock the revenue potential of 5G-enabled industry digitalisation. With 5G, operators can potentially grow revenues by up to 36 percent by addressing 10 key sectors, said the report titled “The guide to capturing the 5G industry digitalization business potential” — a sequel to the “5G Business Potential” report by Ericsson Also Read - Airtel partners with Intel for its 5G network development: Details here
The “5G Business Potential report” found that operators can add a revenue of $204 billion to $619 billion (12 to 36 percent) to their forecast service revenues of $1.7 trillion in 2026. They can do this by targeting the digital transformation of other industries, such as automotive and manufacturing, using 5G-Internet of Things (IoT) technology. Also Read - Airtel 5G Mumbai trials show download speeds of 1.2Gbps, upload at 850Mbps
In its latest report, Ericsson examined more than 400 industry digitalisation use cases across 10 industries — energy and utilities; manufacturing; public safety; healthcare; public transport; media and entertainment; automotive; financial services; retail; and agriculture. Also Read - Top tech news today: Pokemon Go Fest 2021, Qualcomm smartphone and more
As 5G becomes increasingly vital to industries, opportunities for new 5G-enabled revenues for operators will increase, the report said. “Our case studies have shown that operators employ strategic and operational activities to address challenges facing the success of their offerings,” said Thomas Noren, Head of 5G Commercialisation at Ericsson.
“Even though they’re not yet 5G offerings, these activities — such as go-to-market channels and trial and experimentation — will be equally important, if not more, when evolved towards 5G,” Noren added. Trials of 5G use cases are expected to start in 2018.