Industry Digitization will be Top Opportunity for 5G business solutions
Industry digitization will generate an estimated $700 billion market opportunity for service providers by 2030, equivalent to approximately 35 percent of current industry revenue, says Ericsson President and CEO, Borje Ekholm.
Moreover, Ericsson found that 70 percent of enterprises are seeking to engage with a non-telecom service provider, while a third already consider communications service providers as an important partner in their digitization efforts.
Ekholm highlighted that service providers need to expand beyond traditional mobile network services to capture 5G-enabled revenue. He said that the evolution of cellular IoT and private networks is crucial in establishing momentum for 5G-enabled businesses.
Ericsson has established partnerships with multiple tier one operators, such as Telstra, Deutsche Telekom and Telefonica, to provide dedicated cellular connectivity solutions to their customers.
In China, Ericsson is a partner for all 5G service providers and is actively working with each to explore 5G applications in different industries. In 2019, Ericsson signed an agreement with China Mobile and Shaoguan Steel Group in Guangdong to jointly build a 5G smart mill and explore 5G industrialization. Ericsson also deployed its Ericsson Dedicated Networks platform to connect more than 10,000 square meter, in cooperation with China Mobile.
Credits: DigiAnalysys
Get in Touch
Related Blogs
Tekninen Velka – Kuinka Se Haittaa Kasvua ja Miten Sen Saa Hallintaan?
A Deep Dive into Product Engineering: Process, Roles, and Best Practices
What is Cyber Resilience? An In-Depth Guide
A Comprehensive Guide to Cloud Transformation
24 Emerging Software Development Trends Transforming 2024
Is AI Secure? Addressing Cybersecurity Risks with AI
How Is Cloud Computing Transforming Sustainable Healthcare in the Nordics?
Gateway Digital is Neste Napcon’s Partner in Creating Digital Learning Environments for the Process Industry
Tuotekehitysyhteistyön avulla joustavuutta ja kustannushyötyjä – Case School Day
Petteri paju vahvistamaan Gatewayn myyntiä
Top 6 Trends Transforming Logistics and Supply Chain in 2020
Why is it Important to Hire the Right Employees to Grow your Business?
Miten IT-alan ammattilaisten vaje näkyy Suomessa?
How Can Emerging Technology Facilitate Faster Start-up Growth?
The Need For Smart Logistic Planning: Takeaways From The Suez Canal Crisis
Gateway Digital AS and Retailtech strengthen their strategic partnership
Gateway Digital and Digitate enters strategic partnership
The DACH cloud computing industry in 2021 and beyond
Why Germany is home to the most innovative Tech Startups
Dataplattform för att identifiera bilreservdelar vinner pris inom hållbarhet
AWS vs GCP vs Microsoft Azure: Everything you need to know
Ensuring a higher ROI on your Technology Investment: Here’s How
Why the future of Startups & Scaleups depends on Technology Partner
Infographic: Elevate your Business with Augmented Supply Chain
Infographic: Empowering the Digital Healthcare Ecosystem
Infographic: Why Strategic Technology Partnerships are imperative for ISVs
Infographic: How PES is Empowering the Digital Healthcare landscape
Impact of Covid 19 on the Automotive Industry
How COVID-19 is Changing the Face of Digital Healthcare
Transform your Digital Journey with Strategic Technology Partnerships
Succeed your Business with Partnerships – The New Normal for Fintech!
Supply Chain Focus Areas to Mitigate COVID-19 Disruptions
How Digital Transformation is Redefining the Healthcare Industry
Benefits of Digitising Your Product Development Process
How to Develop a New Product (From Concept to Market)
How Automotive and Technology Experts See the Future of Connected Vehicles through Future Tech 5G Service
5G Products & Solutions in 2023 & Beyond– What Should we expect from 5g network software?
Everything You Need to Know About 5G network as a service
Cloud Companies Chase Future in Cybersecurity ‘Wild West’
The Future of Lawyers: Legal Tech, AI, Big Data And Online Courts
Why Covid-19 Could Expedite the Role of RegTech in Finance
3 Elements For Success With Mobility As A Service In Our Cities
Digitalization is Upending Global Logistics
Mastering the Duality of Digital: How Companies Withstand Disruption
iGaming Technology Trends to Watch
73% Growth and Instant Blockbusters: How Online Gaming Industry Is Blowing Up During the Pandemic
The 5 Biggest Cybersecurity Trends In 2020 Everyone Should Know About
Why Cybersecurity Is Really A Business Problem
Technological Disruption or Next Industrial Revolution?
What Will Be The Future Success Of Fashion Retail In The Digital Age
The Banking Industry Is Spending Wildly on the Latest Tech
Disruption in Manufacturing: Managing Unexpected Risks
5 Manufacturing Tech Trends Poised To Disrupt Your Business
Digital Disruption in the Manufacturing Industry
Future Factory: How Technology Is Transforming Manufacturing
Five Ways the Internet of Things is Transforming Businesses Today
The Mobility-as-a-Service Market will Register a CAGR of Over 35% by 2023
3 Ways Every Company Should Prepare For The Internet Of Things
The Three Stages Of Cloud Transformation: Application, Network, Security
Cloud Computing Seen as Tech Haven Amid Pandemic Uncertainty
How Multi-Cloud and Digital Transformation Fit Together
8 Ways Cloud Is Transforming Business
Mixed Reality Finds Its Niche in Industrial and Business Applications
Virtual Reality is Making Marketing and Training More Effective for Businesses
What Leaders Need To Know About Augmented Reality
The 5 Biggest Virtual And Augmented Reality Trends In 2020 Everyone Should Know About
DevOps Model: The Role of Quality Assurance Redefined
Quality Engineering Has DevOps and Agile in the Driving Seat
How QA Can Support Businesses in the Journey of Digital Transformation
Quality Assurance Is Critical In Software Development And Increasingly Automated
Resolving Challenges of Auto ISVs with Fruitful Technology Partnerships
Resolve Fleet Management Challenges with Innovative Digital Automotive Solutions
Top 3 Factors Impacting Customer Satisfaction of Modern Car Buyers
Fleet Telematics Solution: Driving Great Business for Automotive Ecosystems
Top Supply Chain Tech Trends
How Artificial Intelligence Benefits Logistics and Supply Chain Management
Fleet Management in 2024 & Beyond: What Does the Future Look Like?
How to Identify a Trusted online iGaming Solutions Provider?
Mastering Enterprise Digital Transformation: Building Blocks of a Successful Strategy
Center of Excellence: Building Intelligent Solutions for the Enterprises of Tomorrow
Want to Succeed in Digital Transformation? Choose the Right Technology Partner
Customer Satisfaction in an Ever-Evolving iGaming Industry
How to Tackle Security Risks in Digital Transformation
The State of Legal Tech: What Every Legal Business Must Know
Legal Technology in 2020 and Beyond
Want to Succeed in Digital Transformation? Choose the Right Technology Partner
Fulfilling Customer Experiences in the Digital Era: How to Go About It
The Impact of COVID-19 on Digital Transformation
Taking the Pain Out of Application Modernization
How Will Brexit Impact the UK Tech Sector?
Disruptions in Retail: Things Every Retailer Must Know!
Digital Transformation in Retail: Why Are Tech Collaborations Important?
The Benefits Of Applying Blockchain Technology In Any Industry
Banking Is Only The Beginning: 58 Big Industries Blockchain Could Transform
Signs You Need to Migrate and Modernize your Legacy Product
AI and ML in FinTech: Revolutionizing Banking and Financial Services
How to Remove Complexities in Applying Digital Transformation
Enterprise Mobility: More Than Just Mobile Devices
Principles of Agile Transformation
Why Agile Transformation?