Ericsson (NASDAQ: ERIC) has launched a 5G network slicing solution for radio access networks (RAN) that will enable communications service providers to deliver customized 5G services with guaranteed performance.
Now commercially available, Ericsson 5G RAN Slicing allocates radio resources at 1 millisecond scheduling and supports multi-dimensional service differentiation handling across slices. This strengthens end-to-end slicing capabilities for dynamic resource management and orchestration that ensure the high-quality end-user experience required by diverse use cases.
Network slicing supports multiple logical networks for different service types over one common infrastructure. It is a key enabler for unlocking 5G revenue opportunities such as enhanced video, and in-car connectivity, and extended reality. An Ericsson report estimates USD 712 billion in an addressable consumer market for service providers by 2030. The addressable market for network slicing alone in the enterprise segment is projected at USD 300 billion by 2025 (GSMA data). As 5G scales up, service providers are looking to maximize returns on their investments by targeting innovative and high revenue-generating use cases such as cloud gaming, smart factories, and smart healthcare.
Network slicing is one of the major 5G deployment models. Ericsson has ongoing 5G network slicing engagements for RAN, transport, core network and orchestration across the globe involving use cases for the consumer segment and enterprises/industry verticals such as video-assisted remote operations, AR/VR, TV/Media for sports event streaming, cloud gaming, smart city, and applications for Industry 4.0 and public safety.
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