5G will enable a $27 billion revenue opportunity for Indian telecom operators by 2026. The largest of opportunities will be seen in sectors like manufacturing, energy and utilities followed by public safety and health sectors, Swedish telecommunication giant has said.
This will be over and above the revenue generated from traditional services which is expected to grow up to $63 billion by 2026.
Agriculture will open-up revenue opportunities up to $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. The retail sector in India will offer potential 5G enabled revenue of up to $1.15 billion by 2026. 5G can help in revolutionising customer experience and increase operational efficiencies within the retail segment.
Ericsson is working on 5G tie-ups with Indian telcos and has already signed a memorandum of understanding (MoU) with Bharti Airtel.
The company has 36 such MoUs with global telecom operators. Under these agreements, Ericsson is testing 5G technology with these telcos.
Ericsson also showcased the first live 5G end-to-end demonstration in India using its 5G test bed and 5G NR Radio. 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 Licence Assisted Access (LAA) technology.
The LAA live demo highlighted as to how this technology can leverage wireless network resources using higher frequency bands on a small cell architecture. Other technology demonstrations presented in the showcase include advancements in Radio Network Evolution, 5G Ready Transport and Network Slicing.
”We are strengthening our commitment to the Indian market by pioneering the first live 5G demonstration in the country. The 5G technology showcase has been organised in the direction of creating a robust 5G eco system in the country even as the Government plans to have 5G network roll outs by 2020,” said Nunzio Mirtillo, Head of Market Area – SE Asia, Oceania and India, Ericsson.
Ericsson’s new 5G platform comprises the 5G core, radio and transport portfolios, together with digital support systems, transformation services and security.
”5G is expected to play a major role in digitalisation of industries. New revenue streams will open for operators as they go beyond being Connectivity and Infrastructure providers to become service enablers and service creators. 5G has the potential to enable 43% incremental revenue opportunity for the Indian operators by 2026,” added Nitin Bansal, Managing Director, Ericsson India.