Ericsson has revealed the results of its ‘5G Readiness Survey’, a global report that examines the actions that leading edge services providers are taking now in anticipation of 5G, the priorities that drive their initiatives and how they can accelerate their 5G network deployments.
The company said that its survey “presents a snapshot of the state of the industry in relation to next-generation mobile technology”.
Ericsson said the survey was based on the views of 50 executives at 29 global operators who had announced their intentions for 5G. Nearly all respondents said that growth in revenue and cost savings were the key drivers in their choice of use cases for 5G revenue.
According to Ericsson, while the traditional focus has been on the consumer, the vast majority of those interviewed agreed that to monetise 5G, operators will also need to provide industry-specific services and find new revenue-sharing models. It was found that high-potential revenue growth areas are third-party collaboration and the Internet of Things (IoT).
According to the survey, operators can take steps now to ensure a smooth transition to 5G networks. Such activities include forging new strategies, investing in development and trials and evaluating and adopting new use cases and business models.
The survey highlights the advantage of having a partner with a strong 5G ecosystem who can help operators make a smooth transition to 5G.
Arun Bansal, head of business unit network products at Ericsson, said: "Ericsson believes that 5G is the foundation for realising the full potential of the Networked Society.
“We are partnering with our customers to be early to 5G by driving standards, building the strongest global 5G ecosystem and helping them innovate with 5G solutions that are purpose built for real-world applications. Our goal is to have our customers minimise risk and ensure success during this critical transformation."