Ericsson ConsumerLab
5G Consumer Market to Reach $31 trillion by 2030
The 5G consumer market is expected to grow to $31 trillion by 2030, according to the Harnessing the 5G Consumer Potential report from Ericsson ConsumerLab. The report estimates that communications service providers (CSPs) could earn $3.7 trillion of that total – a figure that could increase further as new adjacent digital services opportunities arise. It also says that CSPs could generate up to $131 billion by 2030 from digital service revenues alone, by proactively bundling and marketing 5G use cases. About 40% of these revenue projections are attributed to consumer spending on enhanced video, augmented reality (AR), virtual reality (VR) and cloud gaming over 5G networks. The report projects that AR is likely to drive more than half of all consumer spending on immersive media by 2030 – st...
Is Technology Africa’s Biggest Undiscovered Gold Mine?
Technology has the potential to fundamentally transform societies. Information and Communications Technology (ICT) and broadband are becoming central to the societal developments around the world – enabling rapid improvements to industrial production and societal services, positively influencing the way we live and interact with our environment. Africa is home to over a billion people and the population is expected to grow in the coming years. It is projected to grow from 17% in 2020 to 26% in 2050 and 39% by 2100 of the global population while the share of Asia will fall from 59% in 2020 to 55% in 2050 and 43% in 2100. It is also a continent with the most growing economies and many from a low base; 9 of the 20 fastest growing in 2020 according to the IMF with rates above 6% of GDP (not ad...
