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5G to enable up to MYR 16 billion (USD 3.8 billion) revenue opportunity for service providers in Malaysia by 2030

  • For South East Asia and Oceania, the 5G-enabled industry digitalization market opportunity for service providers will be approximately USD 41 billion by 2030.

Press release  |  Nov 15, 2019 09:51 (GMT +00:00)

5G  

Ericsson recently shared its ´5G for business: a 2030 market compass´ report, that analyses the 5G business opportunity coming from industrial digitalization across 10 key industries. With 5G deployments now being underway across most geographies, the report is based on a new iteration of its market research on how to realize the 5G industry digitalization business potential. The findings building up the study indicate that the total projected value of the 5G-enabled digitalization revenues in Malaysia will be approximately MYR 33 billion (USD 8 billion) by 2030. Of this, up to MYR 16 billion (USD 3.8 billion) or almost half can be addressed by telecom service providers.

The study provides telecom operators and the industry an indication of where value pools are and helps set the direction for strategic planning and required activities to capture parts of this opportunity in the coming years. Viewed across the region of Southeast Asia and Oceania, the largest addressable value for telecom service providers in 2030 is expected in sectors like Healthcare (USD 9 billion), Manufacturing (USD 8 billion), Energy & Utilities (USD 5 billion), and Automotive (USD 5 billion), followed by Public Safety (USD 4 billion) and Media & Entertainment (USD 4 billion).

Todd Ashton, Head of Ericsson Malaysia, Sri Lanka and Bangladesh says, “This updated study shows the potential growth opportunities for Malaysia’s mobile service providers beyond the traditional telecom business; many of which are possible with today’s networks. The introduction of 5G will further boost the digitalization and growth of new industrial sectors and revenue streams. For example, Ericsson’s dual-mode 4G+5G Cloud Core solution will enable service providers to significantly expand the possibilities of mobile broadband and open-up a new dimension of use cases and business models.”

Ericsson is preparing for 5G in Malaysia

Ericsson has played a leading role in rolling out 2G, 3G and 4G networks in Malaysia and we started working towards 5G in Malaysia as early as 2015. Ericsson launched the country’s first Innovation Center for 5G (IC5G), in partnership with the Universiti Teknologi Malaysia. In 2017, Ericsson and Celcom partnered with Celcom to conduct the first 5G trial for Malaysia. This year we showcased the first 5G powered holographic communication in Malaysia and a 5G-enabled self-driving car, providing a glimpse into a future enabled by 5G.

Todd further added, “Ericsson has been in Malaysia for over 50 years.  We want to reiterate our commitment to Malaysia as the country gets ready for its 5G journey. We will continue to work with our partners both from the industry and academia, the Malaysian Government and other key stakeholders to bring our world leading technology to Malaysia.”

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Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com