Ericsson has been named as the market leader in global 5G network infrastructure in 2020 by leading business consulting firm, Frost & Sullivan.
With over 130 commercial 5G agreements with unique communications service providers and 83 live 5G networks around the world, Ericsson bagged this achievement, said a press release.Ericsson ranks highest in the 5G network infrastructure market in the latest Frost Radar, leveraging its current leadership in 4G network infrastructure market.
Abdus Salam, Head of Ericsson Bangladesh, said that the recognition as the leader in Frost & Sullivan’s Frost Radar highlights our technology leadership, market competitiveness, innovation and most importantly, our commitment to our customers.
"We have always been driven by our unwavering focus on R&D to bring the best-in-class product solutions and we will continue to build on our 4G or 5G portfolio to best serve our customers’ needs," he added.
According to Frost & Sullivan, the 5G network infrastructure market includes radio access networks (RAN), transport networks and core networks, which may include one or more edge networks.
In its latest report, Frost & Sullivan independently plotted the top 20 companies from a field of more than 100 global industry participants.
These companies either lead the market overall, lead a market segment, or were thought leaders in certain segments.The Frost Radar revealed that the market position of companies in a particular industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology.
The Frost Radar measures growth rates and absolute revenue, combining them with several other factors to measure a company’ performance along the growth axis.
It also measures innovation for each company by assessing its product portfolio, examining how scalable its innovations are and looking at the efficacy of its R&D strategy, and other factors.
Commenting about Ericsson and the Growth Index, Troy Morley, Senior Industry Analyst, Frost & Sullivan’s Information & Communication Technology group, said that as a leader in the 4G infrastructure market, Ericsson enters the 5G market with a large customer base.
Ericsson maintains a significant pipeline of customers that have yet to move to 5G but will over the coming years, he said, adding, "It recently indicated that the turnaround has been successful, and the company has significantly improved profitability and its financial position."
Ericsson has evolved its end-to-end 5G offerings to include the Ericsson Radio System, 5G Core, Orchestration and 5G Transport as well as professional services.
The company has introduced innovative software solutions such as Ericsson Spectrum Sharing, 5G carrier aggregation and Uplink Booster, to significantly improve coverage, user throughput and spectral efficiency.