Ericsson hits 5G milestone with expanded portfolio

Ericsson introduces a 5G platform for the needs of the first movers in 5G. Communications are rapidly moving toward data-heavy applications like Virtual Reality and Augmented Reality everywhere. In light of that, Ericsson is now first to market with solutions to enable today’s networks to evolve smoothly to the next generation of networks.

Ericsson’s new 5G platform comprises the 5G core, radio and transport portfolios, together with digital support systems, transformation services and security. Preparing for 5G opportunities represents a huge opportunity for operators.

Ericsson expects that in 2026, there will be a USD 582 billion market opportunity globally as telecom operators leverage 5G technology for industry digitalization. For operators, this represents potential to add 34 percent growth in revenues in 2026. In a forthcoming study, Ericsson finds that for operators the manufacturing and energy/utilities sectors represent the biggest opportunity for revenues created or enhanced by 5G.