5G-enabled industry revenue in India to reach $25.9 bn by 2026

As 5G becomes increasingly integral to industrial businesses and digitalisation, the revenue from 5G-enabled digitisation in India will reach $25.9 billion by 2026, a report by communication technology and services provider Ericsson said on Tuesday.

The Indian operators can generate additional revenues of $13 billion or half of the stated potential if they take up roles beyond being connectivity and infrastructure providers to become service enablers and service creators, the report added.

"We see a clear growth in the opportunity for new 5G-enabled revenues. To capture this value, investments in networks, business development, go-to-market models and organisational adaptation is required," Paolo Colella, Head of Region India, Ericsson, told reporters here.

Operator revenues from traditional services are likely to grow from $37 billion to $63 billion in India by 2026 owing to population growth, increased penetration and high GDP growth. 5G and 4G will be instrumental for the same.

However, 5G-enabled industry revenue potential for operators can potentially add some incremental 20 per cent (or $13 billion) on top of the $63 billion, the findings showed.

No comments:

Post a Comment