Report: 5G-enabled Business-to-business Could Hit $700 Billion Market by 2030

Jan Karlsson, Senior Vice President and Head of Business Area Digital Services, Ericsson

October 13, 2019//-A new Ericsson report – 5G for business: a 2030 market compass – estimates that the addressable industry digitalization market for service providers could grow to about USD 700 billion by the end of the next decade. 

Key findings 

  • If realized, 5G-enabled B2B opportunities addressable for service providers can account for up to 35 percent on top of revenues for currently available services by 2030.
  • To be successful in capturing this potential service providers must act in the next 5 to 7 years, while roles and market shares are still being established.

The report has analyzed and conducted an in-depth based on more than 200 use cases across 10 different industries, and a set of 5G-enabled business-to-business (B2B) use case clusters.

“With this compass we can better guide our customers in navigating in the 5G landscape beyond mobile broadband. However, the journey to grow the 5G business starts now by building momentum and identifying 5G-enabled B2B opportunities”, Jan Karlsson, Senior Vice President and Head of Business Area Digital Services, Ericsson, said.

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