Ericsson releases the second edition of the 5G potential business opportunity report to analyze the business transformation opportunities.
In June of this year, Ericsson released a 5G potential business opportunity report to expose the untapped potential opportunities for telecom operators under digitalization in the industry and to focus on the eight major global industries including manufacturing, public safety, financial services, healthcare, automobile, Transport, media and entertainment industries as well as energy and utilities, giving the outside world a more specific look at 5G applications.
Ericsson continues to analyze the potential business opportunities under development in 5G for all walks of life. This second edition of "5G Potential Business Opportunity Report" expands the scope of the study to explore more business models and innovations for retail and agriculture. This report Recognizing the tremendous business opportunities brought by digitalization for telecom operators, Ericsson predicts 5G market opportunities will increase the revenue growth of 36% for telecom operators through the transformation analysis of the top ten industries.
In addition, it is estimated that 5G will generate 619 billion U.S. dollars of revenue potential by 2026, of which retail and agriculture are expected to generate revenue of 29 billion U.S. dollars and 9 billion U.S. dollars respectively. As the 5G drives the digitization of the industry, retail and agriculture It is estimated that 4% and 1% of revenue will be contributed to the ICT industry respectively, while the largest business opportunities are still in energy and public utilities (19%), followed by manufacturing (18%) and public safety (13%).
The changing consumer awareness and policy environment of agriculture will lead to the transformation of agriculture, such as the transparency of food ingredients, and the introduction of more scientific and technological assistance. The trend of vertical integration in the industrial chain will also lead to changes in industrial structure .
Retails Consumers' shopping experience will be pursued more conveniently in real time, including seamless e-consumption behavior, backed by customized data that will require big data analytics. New in-store consumer experience with AR / VR applications will also Appear, bring consumers totally different living habits and experience.
To generate revenue through the digitization of the 5G industry, telecom operators also need to rethink the value they want to deliver and their business model to play an active role, including network developers, service promoters and service creators.