The report identifies new revenue opportunities for service providers and offers a guide for navigating the changing 5G landscape. The report is a follow-up to previous Ericsson reports in 2017 and 2018 - then called The 5G Business Potential.
5G is already opening new opportunities in the highly competitive telecommunications market. As 5G continues to roll out across the globe, service providers are asking for a panoramic view of the market to prioritize areas for future growth.
To realize the full potential of a 5G-empowered world, service providers will look to expand beyond traditional mobile network services for 5G-enabled revenues. For example, the evolution of Cellular IoT and private networks is one of the keys to establishing momentum for 5G-enabled business revenues.
The Ericsson 5G for business: a 2030 market compass report has analyzed and conducted an in-depth look at the changes per industries since the 2018 report. The findings quantify the value of the potential addressable market for service providers based on more than 200 use cases across 10 different industries, and a set of 5G-enabled business-to-business (B2B) use case clusters.
To support service providers, report recommendations cover an analysis of each industry, to outline existing drivers and barriers and provide guidance for how to succeed in new markets.
Jan Karlsson, Senior Vice President and Head of Business Area Digital Services, Ericsson, says: With this compass we can better guide our customers in navigating in the 5G landscape beyond mobile broadband. However, the journey to grow the 5G business starts now by building momentum and identifying 5G-enabled B2B opportunities
The report finds that by 2030, up to USD 700 billion of 5G-enabled business-to-business (B2B) value can be addressed by service providers, which corresponds to 47 percent of the total 5G-enabled market expected to be served by ICT players. To capture share in this market, the report concludes that service providers must extend their reach beyond connectivity and consider what other roles within the B2B value chain to take, and what use case clusters to address. The report also says that service providers should act now.
All industries studied represent major value pools. Among use case clusters cutting across these industries, enhanced video services represent the largest value pool, with up to 17 percent or USD 118 billion of the total value by 2030.
The report highlights that while addressable market size is one key parameter, it must be balanced with other aspects. To help navigate the rapidly changing environment, the report outlines the drivers and barriers characteristic to each industry.
Other key findings from the report include:
Revenues for currently available services are expected to remain stagnant through to 2030, whereas B2B digitalization opportunities will grow at a much quicker pace.
If realized, 5G-enabled B2B opportunities addressable for service providers can account for up to 35 percent on top of revenues for currently available services by 2030.
To be successful in capturing this potential service providers must act in the next 5 to 7 years, while roles and market shares are still being established.
The industries covered in the report are manufacturing, automotive, energy and utilities, public safety, healthcare, media and entertainment, public transport, financial services, retain and agriculture.
Covered use case clusters include enhanced video services, real-time automation, connected vehicles and Augmented Reality/Virtual Reality remote operations. Use case examples building up these clusters include immersive live streaming of events, real-time operations and monitoring of distributed energy resources, and advanced-performance autonomous cars and auto-pilot driving.
Download the 5G for business: a 2030 market compass report.
Related links:
Evolving Cellular IoT for industry digitalization
Ericsson Private Network solutions
Ericsson news: Ericsson ramps up production at European factories
Ericsson news: Ericsson Industry 4.0 Center of Excellence to benefit European customers
Ericsson news: Ericsson to begin US 5G manufacturing in Lewisville, Texas, in early 2019
Ericsson news: Ericsson smart factory operational in China
Find out more about Ericsson 5G.
Find out more about Ericsson Spectrum Sharing.
Find out more about Ericsson's other publicly announced 5G contracts.
Find out more about Ericsson's 5G partnerships.
Find out more about Ericsson 5G use case trials
Ericsson 5G report: industry digitalization could be a USD 700 billion market by 2030
11/10/2019
| LINK: | https://wcm-com.ericsson.net/en/news/2019/10/ericsson-5g-for-business-... |
| See more stories from ericsson |
Europe Stories
13/11/2019
Handy new SRM-Flex PA from Mackie
Compact, easily transportable design is aimed at gigging musicians Mackies SRM Flex portable PA when assembled. Mackie have launched a lightweight and portab...
13/11/2019
BOSS delay all over again with the DD-3T and DD-8 pedals
New features for respected compact digital delays Bosss DD-3T updates a simple but classic delay pedal design over 35 years old, while the new DD-8 is the new...
13/11/2019
Acustica upgrade plug-in collaboration with Studio DMI
Diamond Color EQ 3 adds higher-resolution controls plus Left/Right and Mid/Side processing Version 3 of Acusticas respected Diamond Color EQ, with its new red...
13/11/2019
Gamechanger collaborate on upgraded Plasma Pedal
Jack White employs the Plasma Coil pedal on the latest Raconteurs album Gamechangers Plasma Coil is a development based on their previous Plasma Pedal. While...
13/11/2019
Kali's active IN8 goes three-way
New nearfield adds a dual-concentric combined high/mid-range driver Kali Audios first three-way monitor, the IN8. The debut two way LP6 nearfield monitor fro...
13/11/2019
Black Lion turn Eighteen
New channel strip harks back to gear built with classic op amps Black Lions new Eighteen, a combined mic preamp and EQ, can form a complement to last years Se...
13/11/2019
Claypaky Fixtures Light Up J Balvin's Colorful Arcoiris North American Tour
Claypaky Fixtures Light Up J Balvin's Colorful Arcoiris North American Tour posted: 13/11/2019 Claypaky fixtures for J Balvin's Arcoiris tour....
13/11/2019
disguise gx range powers video intensive MTV 2019 VMA's show
disguise gx range powers video intensive MTV 2019 VMA's show posted: 13/11/2019 In August 2019, MTV hosted its 36th Annual Video Music Awards at the P...
13/11/2019
9 Facebook Live best practices to boost engagement
Video is one of the best ways to engage with your audience. And live video is even better. Facebook has tools built into it to create some fantastic content. Bu...
12/11/2019
FUJIFILM House of Photography to open Tuesday 3rd December
FUJIFILM House of Photography to open Tuesday 3rd December Fujifilm confirms central London experiential concept store will open at 11am on Tuesday 3 December, ...
12/11/2019
AFP wins fourth Rory Peck video award
Our stringer was rewarded for his exceptional video coverage of the 2018-2019 Nicaraguan protests, featuring striking images of demonstrators' arrests and c...
12/11/2019
Eurovision Sport secures rights for European Championships 2022
Eurovision Sport secures rights for European Championships 2022...
12/11/2019
Object Matrix Customer Pain Points
-- Common Customer Pain Points -- Object Matrix is the strategic partner who understands your industry, enables global collaboration, increases operational e...
12/11/2019
Traces starts 9th December on Alibi
Tuesday 12th November 2019 Traces, the six-part crime drama set in Dundee, starts Monday 9th December on Alibi. UKTV Original series stars Molly Windsor, Laura...
12/11/2019
Yesterday reimagines antique treasures in its Restoration Workshop
Tuesday 12 November 2019 UKTV has commissioned a new series for its leading factual channel, Yesterday. UKTV Original, Restoration Workshop (10x60) sees antique...
12/11/2019
VSN successfully closes NATExpo 2019 Q&A with Sergey Pribyl, EMEA Sales Manager
Along with the recent additions of Alexander Kosushkin and Sergey Astakhov to the sales and pre-sales team, respectively, VSN reinforces its international expan...
12/11/2019
ITV announces new addressable advertising platform: Planet V
ITV announces new addressable advertising platform: Planet V ITV today announces the launch of its new addressable advertising platform - Planet V. Unveiled on...
12/11/2019
ITV announces new all live morning daytime schedule for 2020
ITV announces new all live morning daytime schedule for 2020 Mornings on ITV will be fully live from the start of 2020 under a new schedule announced today. F...
12/11/2019
ITV announce new entertainment series -John Bishop At The Weekend
ITV announce new entertainment series - John Bishop At The Weekend ITV today announced a brand new Entertainment series - John Bishop At The Weekend - coming t...
12/11/2019
Robert Lindsay, James Murray, Susannah Fielding, Ellie Kendrick and...
Robert Lindsay, James Murray, Susannah Fielding, Ellie Kendrick and Navin Chowdhry join the cast of ITV drama, Invisible Company News August 19, 2019 BAFTA, ...
12/11/2019
Victoria' Producer Mammoth Screen Adapting Lindsey Davis' Falco' Roman Detective Novels...
Victoria' Producer Mammoth Screen Adapting Lindsey Davis' Falco' Ro...
12/11/2019
Nevion sales grow by more than a third in the Americas
Americas sales team strengthened further through industry leaders Oslo, Norway, 12 November 2019 - Nevion, award-winning provider of virtualized media producti...
12/11/2019
DryMedia and Magnolia TV Merge to Create Banijay Italia
Banijay Group Italy today announces the merge of two of its production businesses - DryMedia and Magnolia SPA. Under the supervision of Paolo Bassetti, Chief Ex...
12/11/2019
Take five with...Jodie!
Posted on 12 Nov 2019 Tell us a little bit about your job? I'm a PR & Marketing Executive; I support the PR team at ICG and also our clients on a day-to-d...
12/11/2019
Nokia joins Sendai City in world's first test of private wireless connected drones for tsunami evacuation alerts
Nokia joins Sendai City in world's first test of private wireless connected ...
12/11/2019
Spectranet and Nokia to provide 100+ Mbps ultra broadband services with FTTH to home and business users in Nigeria
Spectranet and Nokia to provide 100 Mbps ultra broadband services with FTTH to ...
12/11/2019
Arabsat 6A and ST Engineering's Newtec Dialog To Transform Sudasat's Broadband Internet Connectivity
Riyadh, SAUDI ARABIA, 12 November, 2019 - Arab Satellite Communications Organiza...
12/11/2019
A CHOIR PERFORMANCE IN KUALA LUMPUR ACHIEVED CRYSTAL CLEAR SOUND THANKS TO DPA MICROPHONES
DPA's 4097 CORE Choir Microphones were ideally suited to this outdoor event ...
12/11/2019
3D Day 2019: 20 years of Technological Revolution in the Media & Entertainment Industry How to face the challenges of the future?
View Larger Image [SPANISH BELOW] This year's SGO 3D Day presented in pa...
12/11/2019
SGO to present the new-generation Mistika Technology solutions to the Japanese market at Inter BEE 2019
View Larger Image At this year's Inter BEE (13th-15th November) in Japan,...
12/11/2019
Mistika Boutique now with Dolby Vision, Blackmagic Design DeckLink I/O and the latest ARRI, Sony, Canon & RED SDK support
View Larger Image SGO released a significant upgrade to its new affordable fu...
12/11/2019
Fox Corporation Names Gary Ehrlich President and General Manager of Studio Operations
Los Angeles, CA - November 12, 2019 - Fox Corporation (Nasdaq: FOXA, FOX) ( FOX ...
12/11/2019
Eutelsat announces first signing of Eutelsat CIRRUS solution on the African continent with Orao Telecom Congo
Paris, Cape Town, 12 November 2019 - On the inaugural day of AfricaCom 2019, Eut...
12/11/2019
NAGRA and KAON introduce Android TV streaming solution for pay-TV operators
Collaboration to accelerate time-to market of hybrid Android TV-based services for pay-TV operators, as part of the NAGRA Android Fast Track program NAGRA...
12/11/2019
Endemol Shine Italy whips up brand new food format Cook Academy
Global producer, distributor and content creator Endemol Shine Group today announces that Endemol Shine Italy is creating a brand-new cookery format for Sky whi...
12/11/2019
ENDEMOL SHINE INTERNATIONAL SECURES DRAMA PROGRAMMING PACKAGE WITH SBS TELEVISION AUSTRALIA
Endemol Shine International today announced they have secured a programming pack...
12/11/2019
Clear-Com Appoints DWR Distribution as Authorized Partner in South Africa
Company specializes in installations for live events and houses of worship Clear-Com has appointed DWR Distribution as a new Authorized Partner in South Afric...
12/11/2019
The truth about fake news in Africa
What's the best to way deal with fake news? Should TV and radio give equal airtime to every candidate in a presidential election? And how can we be sure jou...
12/11/2019
Akamai Technologies Inc. Named One of Americas Most Just Companies by Forbes and Just Capital
Akamai Technologies Inc. Named One of Americas Most Just Companies by Forbes and...
12/11/2019
Lawo stars at Suzhou Folk Orchestra Concert Hall
Solid German engineering and innovative state-of-the-art IP technology are behind the Suzhou Municipal Government's selection of a Lawo mc 36 mixing desk an...
12/11/2019
Durban Christian Centre team wins National Steel Award
Durban Christian Centre team wins National Steel Award Share Just three years after its predecessor was burnt down, the Christian Centre's Jesus Dome r...
12/11/2019
Ukraine's Nash TV chooses two Artemis' for 24/7 news
Ukraine news TV channel Nash TV has purchased two 32-fader Artemis Light audio consoles for its Kiev-based 24/7 programming. Nash TV is a new customer and is a ...
12/11/2019
A Choir Performance In Kuala Lumpur Achieved Crystal Clear Sound Thanks To DPA Microphones
A Choir Performance In Kuala Lumpur Achieved Crystal Clear Sound Thanks To DPA M...
12/11/2019
Ukraine's Nash TV channel chooses two Calrec Artemis consoles for 24/7 news programming
Ukraine's Nash TV channel chooses two Calrec Artemis consoles for 24/7 news ...
12/11/2019
OTT market penetration hits 38 per cent
OTT services are moving into the mainstream Dan Meier 4 hours ago OTT services are moving into the mainstream target=_blank title=Share on LinkedIn c...
12/11/2019
How does the Disney empire strike back against space piracy?
Analysts assess the risk of fans pirating the new Star Wars TV series Jenny Priestley 6 hours ago Analysts assess the risk of fans pirating the new Star...
12/11/2019
ITV travels to Planet V with new addressable advertising platform
Will launch in February Jenny Priestley 5 hours ago Will launch in February target=_blank title=Share on LinkedIn class=share-linkedin> Will launch i...
12/11/2019
How can newsrooms stop Wreathgate' happening?
TVBEurope asks the experts how news producers can ensure theyre using the correct footage Jenny Priestley 3 hours ago TVBEurope asks the experts how news...
12/11/2019
Mediaset raises stake in ProSieben, could go further
Italian broadcaster now ProSiebens largest investor Jenny Priestley 5 hours ago Italian broadcaster now ProSieben's largest investor target=_blank ...
