Ericsson explores the transformative potential of 5G in the Philippines, highlighting its role in driving economic growth, enabling digital innovation, and improving lives. The article emphasizes the importance of 5G as a critical national infrastructure and encourages accelerated deployment to unlock its full benefits.
At Ericsson , we are proud to partner with the Philippines on its journey to 5G, supporting the government's Digital Philippines Vision. We believe 5G will be the catalyst for the Philippines ' digital transformation , driving inclusive economic growth . Digital transformation is a powerful tool to address global challenges, empowering countries and businesses to unlock economic potential and create opportunities for individuals to learn, earn, and connect.
While numerous enablers contribute to digitalization, such as the Internet of Things (IoT), cloud computing, augmented reality (AR), data analytics, and digital skills, connectivity remains the most crucial foundation. An Ericsson study reveals that a 10% increase in mobile broadband adoption can boost economic growth (GDP) by up to 0.8%. For a thriving digital economy, continuous investment in enhancing and upgrading digital connectivity is essential, particularly as technology evolves.5G, with its high-performing and high-capacity connectivity, is a key enabler for the Philippines' digital economy. It acts as a platform to connect a vast range of devices, from everyday wearables and industrial machinery to delivery drones and logistical robots. 5G's secure, reliable, and always-available network paves the way for technologies like artificial intelligence (AI) and cloud computing to be utilized effectively at scale. This unlocks new possibilities for both consumers and businesses. Ericsson's report, '5G for Business: A 2030 Market Compass,' forecasts that 5G will generate an incremental revenue of USD2.6 Billion for service providers in the Philippines by 2030. The study also highlights that 5G applications, such as enhanced video services and real-time automation, will present significant opportunities across various sectors, including manufacturing, healthcare, and transportation.The Philippines possesses a solid digital nation strategy but must fully leverage 5G as a critical national infrastructure to accelerate the country's digitalization. Nations should set ambitious connectivity targets, deploying connectivity rapidly and comprehensively. 5G is undeniably mainstream, with over 320 service providers globally launching commercial 5G services. We are witnessing the fastest growth of any mobile generation with 5G subscriptions projected to reach nearly 2.3 billion this year, representing over 25% of all mobile subscriptions.However, in the Philippines, 5G subscriptions currently stand at around 13 million, contributing to 9% of total mobile subscriptions. With available spectrum, more affordable 5G smartphones entering the market, and a maturing 5G ecosystem, the time to invest in 5G is now. It is also a strategic opportunity to make 5G investments in the country considering the escalating customer demand for mobile connectivity and data services in the Philippines. We anticipate data usage in the country to grow at a compound annual growth rate (CAGR) of 20% between 2023 and 2029. This growth will likely lead to network congestion unless service providers offload the increasing data traffic from 4G to 5G, thereby providing enhanced coverage and improved consumer experiences while driving the country's digitalization. Accelerated 5G deployment in the Philippines could yield immediate benefits for both consumers and enterprises.5G paves the way for more immersive entertainment, engaging education, and bridging the knowledge gap. Consumers will experience faster download speeds, smoother video streaming, and more responsive gaming. Emerging formats like 4K, 360-degree experiences, and multi-view videos are increasingly driving usage and 5G data consumption. Improved connectivity translates into enhanced education through remote learning, smarter cities, better public services, greater digital inclusion, and a higher quality of life. According to an Ericsson Consumer Lab Study, 5G network satisfaction among consumers has consistently improved by 10% year-on-year in most markets.For enterprises, 5G serves as the foundation for flexible and efficient operations, boosting productivity, improving knowledge bases, and ensuring cost savings. For instance, digitalization can revolutionize healthcare in the Philippines by enabling the transition from offline to online care for patients. The manufacturing industry stands to benefit from the implementation of Industry 4.0 concepts and technologies, achieving new levels of efficiency, quality improvement, and higher productivity. 5G is the unifying thread underpinning the success of innovative enterprise use cases and solutions due to its seamless, reliable, and secure connectivity
5G Digital Transformation Philippines Connectivity Economic Growth Ericsson Iot Cloud Computing Artificial Intelligence Enterprise Solutions Healthcare Manufacturing
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