tvwnewsindia logo

Ericsson Dominates 5G Network Infrastructure Market for Fourth Year in a Row: Report

For the fourth consecutive year, Ericsson has been named the leader in the Frost Radar 5G Network Infrastructure Market 2024 analysis, underscoring the effectiveness of its strategy to meet the evolving needs of communications service providers (CSPs).

Ericsson’s consistent top ranking in the Frost Radar report reflects the value of its investments in R&D and a comprehensive product portfolio, which encompasses all areas of 5G network infrastructure as well as previous generations.

The report also commends Ericsson’s ongoing efforts to provide the latest energy-saving products and solutions, while also noting its Open RAN plans.

Fredrik Jejdling, Executive Vice President and Head of Networks at Ericsson, remarked, “The latest Frost Radar report highlights our unwavering commitment to innovation and technology leadership through the most competitive portfolio. In a challenging market, we remain focused on our customers and move forward with even greater determination.”

Troy Morley, Industry Principal at Frost & Sullivan’s Information & Communication Technology group, praised Ericsson’s performance: “Ericsson has done an excellent job keeping its current customers and adding new customers, including significant replacement wins over competitors. Ericsson has a significant pipeline of customers that have yet to move to 5G but will over the coming years.”

Ericsson powers 160 live 5G networks in 68 countries, the highest level publicly reported by Frost & Sullivan.

“Ericsson’s strategy continues to center on CSPs’ evolving needs in all areas of the world,” Morley added. “However, with its 2020 acquisition of Cradlepoint, Ericsson also is expanding its role with enterprise customers.”

The report highlights the growing importance of the open and virtual RAN movement, with expectations that open and virtual RAN will become the norm. Morley noted, “Ericsson’s step into offering Open RAN solutions in 2024 will help make this movement a reality. The company plans to offer O-RAN-compliant solutions in 2024; Frost & Sullivan believes this will result in significant growth in open and virtual RAN revenue.”

Energy efficiency remains a key focus, with Ericsson continuing to introduce solutions that are smaller, lighter, and more energy-efficient. “Energy efficiency has been a buzzword for a few years and Ericsson continues to tout solutions that are smaller and lighter and that save energy, answering its customers’ needs. This will continue with its traditional RAN solutions and accelerate with its new Open RAN offerings,” Morley said.

The Frost Radar report measures growth rates and absolute revenue, combining them with several other factors to assess companies’ performance along the Growth Index. It also evaluates innovation by examining product portfolios, the scalability of innovations, the efficacy of R&D strategies, and other criteria.

Frost & Sullivan’s latest report reaffirms Ericsson’s leadership in the 5G network infrastructure market, covering radio access networks (RAN), transport networks, and core networks.

Note: We are also on WhatsApp, LinkedIn, and YouTube, to get the latest news updates, Join our Channels. WhatsApp– Click here, and for LinkedIn– Click Here.

Related Posts

Market Live

Weather Updates

Cricket Live

Gold & Silver Rates

Recent News