In Short:
5G technology offers new opportunities like network slicing for telecom companies and enterprises to generate additional revenue, says Ludvig Landgren of Ericsson. Network slicing allows for customized network segments for different use cases like gaming and video streaming. While India has seen rapid 5G rollout, meaningful use cases are still lacking. Reliance Jio and Bharti Airtel have launched 5G services, with billions of 5G connections expected by 2030 worldwide.
Ericsson Executive Highlights 5G Innovation Opportunities
Ludvig Landgren, Vice President Cloud Software and Head of Enterprise, Market Area South East Asia, Oceania and India at Ericsson, emphasized the potential of 5G to create new revenue streams for telecom service providers and enterprises.
Network Slicing for Revenue Generation
Landgren pointed out that network slicing, a key feature of 5G, allows telecom operators to segment their networks for various applications such as cloud gaming, ultra HD video streaming, and video conferencing. This customization can lead to enhanced user experiences and business opportunities.
He explained, “Enterprises can leverage network slicing to offer high-quality services to their users and monetize the unique experiences provided.”
Challenges and Opportunities in 5G Implementation
While India has witnessed rapid 5G network deployment, the industry faces challenges in identifying transformative use cases. Landgren highlighted Fixed Wireless Access (FWA) as a positive development and noted that network slicing presents a lucrative opportunity for telecom companies.
He emphasized the need to consolidate various elements of the 5G ecosystem to unlock monetization opportunities for stakeholders.
5G Adoption and Projections
Notably, Reliance Jio and Bharti Airtel have amassed significant 5G subscriber bases, indicating growing adoption in India. Globally, the GSMA Intelligence reports a surge in 5G connections, with projections estimating 5.5 billion connections by 2030.
Currently, 261 telcos across 101 countries offer commercial 5G services, with an additional 90 carriers planning to launch 5G networks in the near future.
