Ericsson’s Power to Shrink Distances with 5G Integration
Ericsson has been at the forefront of communications technology for over 140 years. Today, Ericsson is committed to maximizing customer value by continuously evolving their business portfolio and leading the ICT industry.
Did you know 40% of the world’s mobile traffic is currently carried by Ericsson networks? With customers in over 180 countries, the company provides comprehensive solutions ranging from cloud services and mobile broadband, to Managed services of both networks and IT.
By 2023, it is estimated that data traffic will grow by 800 percent from its current levels, with over 8 billion mobile broadband subscriptions. Niklas Heuveldop, Senior Vice President, Head of Market Area North America and Acting Chief Strategy Officer, Head of Technology & Emerging Business, leads Ericsson’s Market Area North America and recently spoke to SACCNY about this mind-boggling growth and how Ericsson is perfectly suited to help companies around the world integrate 5G capacities.
Heuveldop compared the impact of 5G technology to previous generations of technology breakthroughs and how businesses can capitalize on this opportunity. He explained that previous generations of mobile networks addressed consumers predominantly for voice and SMS in 2G, web browsing in 3G, and higher-speed data and video streaming in 4G. Heuveldop says the transition from 4G to 5G will serve both consumers and multiple industries.
40% of the world’s mobile traffic is carried by Ericsson
The data is estimated to grow with 800% by 2023
The estimation of revenues of 5G is $123B
With global mobile data traffic expected to grow eight times by the end of 2023, there is a need for more efficient technology, higher data rates, and spectrum utilization. New applications such as 4K/8K video streaming, virtual and augmented reality, and emerging industrial- and IoT use cases will also require higher bandwidth, greater capacity, security, and lower latency. “Equipped with these capabilities, 5G will bring new opportunities for people, society, and businesses,” Heuveldop said. According to a recent Ericsson study, in 10 industries alone, 5G is expected to bring in $123B in new revenues.
Heuveldop is very hopeful about the global impact 5G stands to bring. Starting with the impact on nothing less than a myriad of communication tools, to areas of transportation and production.He added that these advances provide the potential for fundamental change in the same way mobile broadband not only changed consumer behavior, but created entirely new businesses and business models.
Read more articles here.