New Delhi, November 17: In a major boost to India’s telecom sector, 5G technology is expected to play a major role in digitalization of industries in the coming years. As per reports, the 5G revolution is believed to bring a new level of performance and characteristics to telecom networks in India. This will, however, enable new services and creating new ecosystems. According to an Ericsson 5G Business Potential Report, 5G network is estimated to create a USD 27 billion worth revenue opportunity for Indian telecom operators by 2026.
With the mass rollout of 5G, the largest opportunity will be seen in sectors like manufacturing, energy and utilities followed by public safety and health sectors. This will be over and above the revenue generated from traditional services which is expected to grow up to USD 63 billion by 2026, the report noted. The Ericson report further added that agriculture will open-up revenue opportunities up to USD 400 million for telecom operators. The application of 5G will be in areas like field monitoring and mapping, livestock routing and monitoring, on-field applications, and related services to boost agricultural activities. The report further states that the retail sector in India will offer potential 5G-enabled revenue of up to USD 1.15 billion by 2026.
Nitin Bansal, managing director, Ericsson India was quoted by ANI saying, “5G is expected to play a major role in digitalization of industries. 5G will bring new level of performance and characteristics to the telecom networks enabling new services and creating new ecosystems. New revenue streams will open for operators as they go beyond being Connectivity and Infrastructure providers to become service enablers and service creators”.
On Friday, Ericsson showcased the first live 5G end-to-end demonstration in India using its 5G test bed and 5G NR Radio, demonstrating extremely high throughput and ultra-low latency. The technology exhibit at Ericsson Connect 2017 also featured 5G use cases and live demonstration of essential technologies on the road to 5G like Gigabit LTE (1 GBPS download speeds) with License Assisted Access (LAA) technology.