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The 5G consumer market could be worth USD 31 trillion by 2030 globally, says Wojciech Bajda, VP and head of Ericsson Gulf Council Countries

Harnessing the 5G Consumer Potential report talks about digital services opportunities Wojciech Bajda Image Credit: Supplied What kind of 5G-enabled consumer revenues can service providers generate by 2025 and 2030? The 5G consumer market could be worth USD 31 trillion by 2030 globally, according to the new Harnessing the 5G Consumer Potential report from Ericsson ConsumerLab. The report estimates that communications service providers (CSPs) could earn USD 3.7 trillion of that total – a figure that could increase further as new adjacent digital services opportunities arise. In the Mena region, around 30 percent of mobile subscriptions are estimated to be for LTE at the end of 2020. The region is anticipated to evolve over the forecast period, and by 2026, almost 80 percent of subscriptions are expected to be for mobile broadband, with LTE as the dominant technology with more than 50 percent of the subscriptions.

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