What Are Ericsson’s Target Segments to Drive Future Revenue?

Ericsson (ERIC) believes the global telecom (telecommunications) industry is a key driver of economic growth and innovation. According to Ericsson, there will be about 9.1 billion mobile subscriptions globally by 2023, which indicates an exponential penetration since mobile technology was introduced in the early 1990s. Ericsson aims to become a leaner organization in the future, which might allow it to better service the growing demands of telecom customers.