5G Enabled Industry To Reach $25.9 Billion By 2026
With growing usage of 5G to industrial businesses and digitalization at various fronts, the revenue from 5G-enablement in India will reach $25.9 billion by 2026, states a report by communication technology and services provider Ericsson.
The Indian operators can benefit immensely if they take up roles of service enablers and service creators. They can generate additional revenue of $13 billion or half of it they lend out service beyond connectivity and infrastructure providers.
We see a clear growth in the opportunity for new 5G-enabled revenues. To capture this value, investments in networks, business development, go-to-market models and organizational adaptation is required,” IANS quoted Paolo Colella, Head of Region India, Ericsson, as saying.
Sectors such as manufacturing, energy and utilities, public safety and healthcare will see the largest opportunity for 5G.
Experts believe, 5G resolves most if not all the issues that hinder 4G. “5G is about solving the wireless challenges that exist today, including reliability for multiple devices, energy efficiency and bandwidth standards that will enable the transformation of industry and society in the areas of connected smart cities, remote surgery, driverless cars and the Internet of Things,” said Ho Seong Kim, ASEAN Communication, Media and High Tech Lead at Accenture in an article [Read the full article here].
Last month, Ericsson and IIT Delhi will collaboratively work on a program for 5G deployment in the country.
As per the agreement, Ericsson will set up a Centre of Excellence with a 5G test bed and incubation center at IIT Delhi. The facility will be used to drive India’s 5G ecosystem development.
The first series for the “5G for India” program tests will begin in the second half of 2017 and is expected to place the country at par with other developed countries in terms of 5G network and application deployment.
Worldwide, limited deployment and 5G trials are expected to start by mid-2018 while commercial availability will start from 2020.
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