|08 October, 2019

Ericsson report '5G Business Potential beyond Mobile Broadband' presents a roadmap for operators in MEA

By 2030, estimated additional potential revenue increase up to USD 46 billion for operators across the Middle East and Africa, provided they adapt their business model to become service enablers and creators

Ericsson report '5G Business Potential beyond Mobile Broadband' presents a roadmap for operators in MEA
  • Oil and gas (Mining), Transport and automotive, Public Safety, Critical infrastructure and Manufacturing are the primary industry verticals in the region that offer clear opportunities for 5G use cases
  • 60 million mobile 5G subscriptions in the Middle East and Africa by the end of 2024 according to Ericsson mobility report

Ericsson (NASDAQ:ERIC) lays out a roadmap for operators to unlock the revenue potential of 5G-enabled industry digitalization. In '5G Business Potential beyond Mobile Broadband' – a sequel to the '5G Business Potential' report – Ericsson delves deeper into industry verticals that are prominent in the region and offer clear opportunities for 5G use cases.

According to Ericsson report, MEA network developers can expect an estimated potential revenue opportunity up to USD 46 billion by 2030 provided they adapt their business model to become service enablers and creators.

Chafic Traboulsi, VP and Head of Networks, Ericsson Middle East and Africa says: “5G will introduce opportunities that will allow operators to adopt new business models, and develop new services, applications, and revenue streams. These new 5G applications and services are expected to have a profound impact on consumers, businesses and industry digitalization which underscores the importance of releasing our research at this time.”

Harnessing 5G-enabled revenue opportunities 

During the second quarter of 2019 several markets switched on 5G following the introduction of new 5G-compatible smartphones. As 5G devices increasingly become available and more service providers launch 5G, over 10 million 5G subscriptions are projected worldwide by the end of 2019. 

In Middle East and Africa, the operators in the advanced markets of the Gulf were among the first in the world to launch 5G, with commercial 5G services live in majority of the Gulf countries. There will be 60 million mobile 5G subscriptions in the Middle East and Africa by the end of 2024 according to Ericsson latest mobility report, though that will represent just 3% of all mobile subscriptions in the region.

Ericsson has identified four industry verticals that form the primary focus in the addressable 5G business potential opportunity in Middle East and Africa. Regional service providers not only have established expertise in these verticals, they offer clear opportunities for 5G use cases: Oil and gas (Mining), Transport and automotive, Public Safety and Critical infrastructure, Manufacturing.

The secondary focus for 5G services in the region should be on industry verticals that offer some opportunities for 5G services, but on a smaller scale – Media and Entertainment, Healthcare and Retail. Tertiary focus is on financial services and agriculture.

Read the ‘5G Business Potential beyond Mobile Broadband’ report

-Ends-

FOLLOW US:

www.twitter.com/ericssonmea 
www.facebook.com/ericssonmea 
www.instagram.com/ericssonmea 
www.youtube.com/ericssonmena 
www.linkedin.com/company/ericsson 

MORE INFORMATION AT:
News Center
media.relations@ericsson.com  
(+46 10 719 69 92)
investor.relations@ericsson.com  
(+46 10 719 00 00)

ABOUT ERICSSON

Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com 

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases