5G will be a key opportunity for the entire industry, and Ericsson is in a better position for the most recent SA standardization. It is understood that since the adjustment began in July last year, Ericsson has increased its R&D investment by 10%.
The latest "Ericsson Mobile Market Report" pointed out that large-scale 5G deployment is expected to take place in 2020. Ericsson expects that by the end of 2023, the number of enhanced mobile broadband 5G users will exceed 1 billion, accounting for about 12% of the total number of mobile users. In terms of geographical distribution, North America will lead 5G services. By the end of 2023, nearly 50% of North American mobile users will become 5G users, followed by Northeast Asia (34%), followed by Western Europe (21%).
Ericsson currently has three main businesses: network services, digital services and management services. Bao Yikang said that Ericsson has signed cooperation agreements with 38 operators worldwide in the field of 5G, and has cooperated with 22 industry partners, 45 universities and research institutes in the field of 5G.