5G Will Unearth New Goldmines for Telcos and Their Adjacent Industries

Date : 13-Nov-2019
Location: Kuala Lumpur

Key Takeaways:
  • Ericsson recently shared its ´5G for business: a 2030 market compass´ report, that analyses the 5G business opportunity coming from industrial digitalization across 10 key industries.
  • With 5G deployments now being underway across most geographies, the report is based on a new iteration of its market research on how to realize the 5G industry digitalization business potential. The findings building up the study indicate that the total projected value of the 5G-enabled digitalization revenues in Malaysia will be approximately MYR 33 billion (USD 8 billion) by 2030. Of this, up to MYR 16 billion (USD 3.8 billion) or almost half can be addressed by telecom service providers.
  • The study provides telecom operators and the industry an indication of where value pools are and helps set the direction for strategic planning and required activities to capture parts of this opportunity in the coming years.
  • Viewed across the region of Southeast Asia and Oceania, the largest addressable value for telecom service providers in 2030 is expected in sectors like Healthcare (USD 9 billion), Manufacturing (USD 8 billion), Energy & Utilities (USD 5 billion), and Automotive (USD 5 billion), followed by Public Safety (USD 4 billion) and Media & Entertainment (USD 4 billion).

  • Todd Ashton, Head of Ericsson Malaysia, Sri Lanka and Bangladesh, said, the introduction of 5G will further boost the digitalization and growth of new industrial sectors and revenue streams.

Ericsson’s dual-mode 4G+5G Cloud Core solution will enable service providers to significantly expand the possibilities of mobile broadband and open-up a new dimension of use cases and business models.

Ericsson started working towards 5G in Malaysia as early as 2015:
  • 2015, Ericsson launched the country’s first Innovation Center for 5G (IC5G), in partnership with the Universiti Teknologi Malaysia.
  • In 2017, Ericsson and Celcom partnered with Celcom to conduct the first 5G trial for Malaysia
  • 2019,showcased the first 5G powered holographic communication in Malaysia and a 5G-enabled self-driving car, providing a glimpse into a future enabled by 5G. 
5G Goldmines
unsplash-logoJoshua Sortino