Swedish telecom equipment maker Ericsson on Tuesday said 5G adoption is accelerating around the world, and the company remains upbeat about the future given the rapid pace of innovation.
The company is firmly committed to open competition and open markets, Borje Ekholm, president and CEO of Ericsson said. He was speaking at the Ericsson UnBoxed 2021 event.
Recently, Ericsson launched Ericsson Private 5G. It offers secure and simple 4G LTE and 5G Standalone (SA) connectivity primarily targeting manufacturing, mining and process industry, offshore and power utilities, as well as ports and airports. But it is not limited to these sectors, the company stated.
Ekholm said the global challenges posed by 2020 notwithstanding, the company is excited about the future. He added it is noted that the pace of innovation is higher than ever before.
The pandemic has highlighted the importance of mobile networks as a critical piece of infrastructure, Ekholm said.
"We have always been and always will be believer in open markets and open competition," he said, adding that the concept of global open standard has made mobile technology affordable due to significant economies of scale.
The 5G adoption is accelerating around the world, and 5G subscriptions globally is estimated to exceed half a billion before the end of the year, he said.
Consumption of data by 5G subscribers is 2-3 times higher than that of 4G users, he pointed out.
Ericsson private 5G optimises and simplifies business operations with cloud-based network management, keeps sensitive data on-premise, has zero downtime upgrades and guarantees high performance through Service-Level Agreements (SLAs), the company claimed
It is easily installed within hours at any facility and can be scaled to support larger coverage areas, more devices and higher capacity when needed. The product is designed to be flexible and will support a range of deployment sizes, depending on requirements, to suit varied needs.