Writer: Aley Frost
Recently you might have heard that Juhi Chawla, an Indian actress who filed a case against 5G rollout, this case was thrown away in dustbin by the jury and also she was fined 20 Lakh. Court deemed it as a dirty politics for gaining publicity. I take no stand about the story behind it. Whereas in spite of such negative publicity why are companies are investing highly in 5G.
Lets Understand this in better way.
This post will cover various aspect of 5G consumer potential based on the survey of Ericsson Consumer and Market Insight report. If you want to read full report you can definitely do by clicking on this hyperlink, “Read full Report” .
If you feel it is too big to read here is the summary of the report. This report instates the necessity of innovation for deployment of 5G for the benefit of its consumer base.
1: When we look for wireless service revenues, the consumer market is already huge and it will grow more with 5G.
2: Out of the 31 trillion consumer base, service providers could generate USD 3.7 trillion by 2030. This could even go higher.
3. COVID has not spared this area too. Pandemic has brought down the willingness to a 20% 5G premium to only 10%. But good news is 1 out of 3 early adpoter consumers are still ready to pay 20% for a good 5G plan.
4. This growing technology has created an environment for high revenue generation of USD 131 billion by 2030
5. This new innovation of 5G is having scope of spread in various spectrum, be it automobile, m-commerce or advertising.
I hope this might have cleared some cloud. Now lets see some hot 5G cell phones that you can buy it here
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