5G consumer market could reach US$31 trillion by 2030, says Ericsson

STOCKHOLM — The global 5G consumer market could be worth US$31 trillion by 2030, according to Ericsson ConsumerLab’s new report, Harnessing the 5G Consumer Potential, released today. The report estimates communications service providers (CSPs) could earn up to US$3.7 trillion of that total cumulative 5G-enabled consumer revenue by 2030. As new adjacent digital services opportunities arise, that figure could increase further, says Ericsson. In addition, CSPs could generate up to US$131 billion by 2030 from digital service revenues alone, by bundling and marketing 5G use cases, says the report, which attributes about 40% of these revenue projections to consumer spending...