03 January 2020

African and Middle Eastern network developers can expect a  potential revenue opportunity up to US$46bn by 2030, provided they adapt their business model to become service enablers and creators.

That is according to Ericsson’s 5G Business Potential beyond Mobile Broadband report.

A sequel to the 5G Business Potential report, Ericsson highlighted the “industry verticals” that are prominent in the region and offer clear opportunities for 5G use cases. 

“5G will introduce opportunities that will allow operators to adopt new business models and develop new services, applications and revenue streams,” Chafic Traboulsi, VP and head of networks, Ericsson Middle East and Africa said at GITEX Technology 2019 in Dubai.

”These new 5G applications and services are expected to have a profound impact on consumers, businesses and industry digitalisation which underscores the importance of releasing our research at this time.” 

Ericsson has identified four industry verticals that form the primary focus in the addressable 5G business potential opportunity and cited clear opportunities for the following 5G use cases: oil and gas (mining), transport and automotive, public Safety and critical infrastructure and manufacturing.