5G mobile services are expected to create an over USD 27 billion business opportunity for India by 2026, says Swedish gear maker Ericsson to PTI.
In a recent report ET stated that telecom operators are currently recording an average top speed of around 22 mbps on their 4G networks, while 5G services tests have recorded download speed of over 1000 mbps or 1 gbps.
“5G will enable a USD 27 billion business opportunity in India. Out of this USD 13 billion is the addressable revenue opportunity for mobile operators in the country,” Ericsson India, Managing Director, Nitin Bansal told PTI.
He said an Ericsson study for the Indian market on 5G business has found that in terms of industry segment manufacturing at USD 2.4 billion revenue will see the biggest opportunity. It will be followed by sectors like energy and utilities with potential of USD 2.1 billion revenue, public safety USD 1.6 billion and Healthcare at USD 1.6 billion.
Bansal said Ericsson has started trials for advance technology with Indian telecom operators which will help them in transition from 4G to 5G using the spectrum in which they are providing mobile services.
According to Ericsson Mobility Report, India will have over 10 million 5G subscriptions by 2023. According to Ericsson’s 5G Business Potential study, digitalisation will enable a USD 27 billion revenue opportunity for the ICT (Information and Communications Technology) industry in India by 2026.
