5G driving revenue growth in the top 20 markets, early movers get benefit

5G is driving revenue growth for communication service providers (CSPs) worldwide and the top 20 5G markets have seen a significant network performance boost following the introduction of new services, a report showed on Tuesday.

Flattening revenues have been a challenge for the service providers in all parts of the world, often impacting network investment decisions as part of their business growth strategies, known as ‘monetization’ in the industry.

An Ericsson Mobility report now highlights a positive revenue growth trend since the beginning of 2020 in the top 20 5G markets — accounting for about 85 per cent of all 5G subscriptions globally — that correlates with increasing 5G subscription penetration in these markets.