Ericsson hits 5G milestone with advanced portfolio
Ericsson is introducing a 5G platform for the needs of the first movers in 5G. Communications are rapidly moving toward data-heavy applications like Virtual Reality and Augmented Reality everywhere. In light of that, Ericsson now claims to be first to market with solutions to enable today’s networks to evolve smoothly to the next generation.
Ericsson’s new 5G platform comprises the 5G core, radio and transport portfolios, together with digital support systems, transformation services and security. Preparing for 5G opportunities represents a huge opportunity for operators.
Ericsson expects that in 2026, there will be a USD 582 billion market opportunity globally as telecom operators leverage 5G technology for industry digitalisation. For operators, this represents potential to add 34 percent growth in revenues in 2026. In a forthcoming study, Ericsson finds that for operators the manufacturing and energy/utilities sectors represent the biggest opportunity for revenues created or enhanced by 5G.
“With this launch, we introduce our 5G platform to support the beginning of a huge change in network capabilities, allowing our customers to offer more advanced use cases and new business models to their customers. It is an important milestone enabling operators to continue their evolution journey to 5G,” says Arun Bansal, Head of Business Unit Network Products at Ericsson.
“We are pleased with the progress Ericsson is making in advancing 5G technology commercially,” says Roger Gurnani, Chief Technology Officer, Verizon. “Our customer trials with 5G technology in 11 cities across US is an important step in accelerating the path to next generation of wireless services.”