For the third consecutive year, Ericsson has been recognized as the undisputed leader in the Forst Radar™ 5G Network Infrastructure Market 2023 Report. Showcasing the company’s unwavering commitment to investing in cutting-edge technology for the benefit of its customers. With unmatched expertise and a visionary approach, Ericsson continues to pave the way in revolutionizing the 5G landscape.
Not only has Ericsson retained its top ranking, but it has also garnered significant recognition for its development of energy-efficient 5G RAN solutions tailored to meet customers’ needs. According to the annual report from business consulting firm Frost & Sullivan, Ericsson’s consistent ability to scale its innovations and growth in the field is evident in its continued dominance of the Frost Radar™ rankings. This further solidifies Ericsson’s leadership position in the 5G network infrastructure market, encompassing radio access networks (RAN), transport networks, and core networks.
Fredrik Jejdling, Executive Vice President and Head of Networks at Ericsson, expressed his satisfaction, stating, “We are delighted to see our ongoing efforts to enhance the energy efficiency of Ericsson 5G solutions recognized in the Frost Radar report. Our commitment to technology leadership, centered on innovation and openness, remains steadfast as we strive to empower our customers’ growth.
Frost Radar graph: 5G Network Infrastructure Report 2023
Source: frost & sullivan
Troy Morley, Industry Principal at Frost & Sullivan’s Information & Communication Technology group, lauds Ericsson’s achievement, highlighting their track record of scaling innovations across various generations of technology. He emphasizes that Ericsson’s substantial investment in research and development is crucial in an ever-evolving market. According to Morley, “Ericsson has proven its ability to scale its innovations globally with 2G, 3G, 4G, and now 5G. The company invests significant amounts in R&D, and this is essential in a market in which technology is always evolving.”
With an impressive presence, Ericsson currently powers 145 operational 5G networks in 63 countries, a level unmatched in public reports according to Frost & Sullivan. Notably, Ericsson’s leadership in the 4G infrastructure market has translated into a strong customer base, enabling the company to retain existing customers while attracting new ones. Morley further explains, “As a leader in the 4G infrastructure market, Ericsson enters the 5G market with a large customer base. The company has done an excellent job keeping its current customers and adding new customers.”
Discussing the report, Morley points out that energy efficiency has become a significant focus in the industry. He highlights how Ericsson’s current 5G RAN solutions prioritize being smaller, lighter, and more energy-efficient, aligning with the needs of their customers. Morley adds, “Energy efficiency is now the buzzword. While early 5G RAN solutions focused on proving the technology, Ericsson’s current 5G RAN solutions tout being smaller and lighter and saving energy, which is answering its customers’ needs.”
The Frost Radar™ report provides an independent evaluation of companies that have a significant impact on a specific industry. It assesses a company’s focus on continuous innovation and its ability to translate those innovations into consistent growth, using Innovation and Growth scores as outlined in the Frost Radar™ methodology. The report identifies top industry participants who stand out as market leaders, leaders in specific market segments, or thought leaders in particular segments.
In addition to their recognition in the Frost Radar™ report, Ericsson achieved another notable accolade in March. They were named a leader in the 2023 Gartner® Magic Quadrant™ for 5G Network Infrastructure for CSPs report. This recognition further solidifies Ericsson’s position as a trusted leader in the 5G network infrastructure market, as acknowledged by renowned industry analysts.