Ericsson Report
Nearly Half of All Consumers in SSA Use Mobile Financial Services – Ericsson
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More than Half a Billion 5G Subscribers Expected by End of 2021 via New Report
Swedish multinational networking and telecommunications company, Ericsson projects that 5G mobile subscriptions will exceed 580-million by the end of 2021, driven by an estimated one million new 5G mobile subscriptions every day. The forecast, which features in the twentieth edition of the Ericsson Mobility Report, enhances the expectation that 5G will become the fastest adopted mobile generation. About 3.50-billion 5G subscriptions and 60% 5G world population coverage are forecast by the end of 2026. However, the pace of adoption varies widely by region. Europe is off to a slower start and has continued to fall far behind China, the U.S., Korea, Japan and the Gulf Cooperation Council (GCC) markets in the pace of 5G deployments. 5G is expected to surpass a billion subscriptions two years a...
Why Private Cellular Networks are Critical to Trade
Increases in global development and international populations have put bigger demands on trade and in turn, ports and shipping. To manage the boom, ports are improving operations and efficiency with automation, powered by 5G-ready private cellular networks. According to the World Bank, trade represented more than 60% of the global gross domestic product (GDP) in 2019. And 90% of the world’s trade is facilitated by the shipping industry, according to the International Chamber of Shipping. The vast importance of future ports to shipping makes them a vital element for the function of the global economy. According to statistics data from the United Nations Conference on Trade Development, of the four main types of shipping vessels (oil, bulk cargo, general cargo, and globally standardised cont...
5G and Enterprise, a Match Made for Growth
Digital technologies are transforming industries worldwide. With 5G being deployed across the region, service providers increasingly recognise the new business opportunities that digital transformation of the enterprise market will bring. However, to successfully address these opportunities and accelerate longer-term growth, they need to extend their focus from traditional revenue streams to centre on digitalising targeted industries. While leading service providers in the region are already taking steps to look beyond connectivity and focusing on a few specific industries, they should also expand their strategic ambition beyond mobile broadband in each targeted industry. According to an Ericsson report entitled “Capturing business opportunities beyond mobile broadband”, almost half of the...
