Ericsson estimates USD 31 trillion 5G consumer market by 2030
November 20, 2020
5G could drive up to USD 31 trillion in cumulative consumer revenue in the ICT industry by 2030. Communications service providers could earn up to USD 3.7 trillion in cumulative 5G-enabled consumer revenues by 2030. Augmented Reality (AR) could drive more than half of all consumer spending on immersive media by 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 (NASDAQ: ERIC) ConsumerLab.
