The Mobile Service Provider’s Guide to 5G Business Opportunities

The true value of 5G extends far beyond these obvious perks.

Yes, we tend to over-hype new technologies, but 5G is different. It will create a new world of opportunities for us that we can’t fully understand or prepare for right now.

For mobile service providers, the past few years have been all about preparing networks for the generation of IoT applications that are coming with 5G.

Our world is becoming things based. As things become more intelligent, the era of IoT will finally begin. Think cloud-based everything. If you think mobile applications have shaped us over the past decade, just wait for what’s to come.

How to Tackle These Complicated Challenges

The first step towards tackling these complicated challenges is to devote the necessary time to gain a thorough understanding of the ever-changing 5G and IoT landscape.

I’d humbly suggest you read Ericsson’s most recent comprehensive analysis (up-to-date as of October 2019)

This report provides an overview of the current market, and where Ericsson anticipates it heading through 2030. They’ve carefully analyzed the mobile service provider’s journey towards monetizing 5G. In addition to providing valuable insights, it will likely give you new ideas to apply to your current 5G strategy.

What methodology was used for this report?

Ericsson used more than 200 concrete B2B use cases across 10 different industries. These industries were identified as ones that would benefit most from mobile/cellular technologies.

I’d like to briefly touch on a few of the key findings.

For additional details on each finding below, please download your own copy of the report at “5G for Business: a 2030 Market Compass”

  • The 5G business opportunities that extend beyond mobile broadband are substantial. Up to 18% of the total ICT addressable industry digitalization value and 47% of 5G-enabled revenues are potentially addressable by mobile service providers.
  • The size of the addressable market is different depending on what role the service provider chooses to take. It’s important to act now in 4G and early 5G deployments in order to build the momentum for growth. It is key to invest in 4G, to excel in 5G. (the report explains this in more detail)
  • A significant portion of future investments across industries will be driven by 5G-enabled services.
  • Healthcare is the largest addressable market. Manufacturing, energy, utilities and automotive follow. This report helps service providers decide which market(s) to target and which barriers to overcome. [I’m not surprised that healthcare is the largest addressable market. 5G has the potential to get expert surgery to everyone on the planet through remote care.]
  • Many IT vendors have already established their roles within the different industries (thus, increasing competition). Still, there is a lot of potential new revenue for mobile service providers to capitalize on within the different industry verticals. These use cases are driven by new technologies like AI and IoT.
  • The 5G-enabled revenue potential for service providers is separated by industry. In the report, there’s a useful graph showing the individual impact of the top 10 industries. There’s a lot more that goes into the decision of whether or not to address an industry than just the percentage of revenue potential. The report explains the other important factors to consider.

This report provides detailed information for mobile service providers who want to expand their knowledge across industries.

The 10 Industries Included:

  • Healthcare (Significant Opportunities with Historical Barriers)
  • Manufacturing (Increased Caution and Brownfield Demands)
  • Energies and Utilities (Power Generation, Oil and Gas)
  • Automotive (Connectivity and Autonomous Drivers)
  • Public Safety (Infrastructure)
  • Media (E-Sport and Interactive Events)
  • Financial Services (Cyber Security and Blockchain)
  • Public Transport (Mass Transit)
  • Retail (Analytics and Mixed Reality)
  • Agriculture (Resource Optimization)

What is your role in the value chain?

In this report, the addressable market for service providers has been divided into 3 main value chain steps:

  • Connectivity and Infrastructure Provisioning
  • Service Enablement
  • Application and Service Provisioning
  • Network Developer
  • Service Enabler
  • Service Creator

As a complement to this analysis, we invite you to join us for the corresponding webinar

Ericsson Webinar: 5G for Business
Date: Tuesday, October 29, 2019
Time: AM Session: 9:00–10:00 CET — PM Session: 16:00–17:00 CET
Duration: 45 min + Q&A

Conclusion

Mobile service providers are still exploring uncharted territory. This comprehensive report serves as a flashlight that can light your way into the unknown.

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Diana Adams

Diana Adams

15.2K Followers

Tech journalist, Apple ACN, Digital Transformation, IoT, 5G, AI and the future of tech.