Comviva targets 10% of 5G-enabled business globally in next 5 years

Comviva, a subsidiary of Tech Mahindra and a global mobility solutions provider, is targeting a 10 per cent share of the $2-billion addressable 5G-enabled business applications market across the world over the next five years.

While the market across all segments is $20 billion, the company will begin with three verticals -- banking and financial services, manufacturing, and health care.

Elaborating on the 5G plan, Manoranjan Mohapatra, chief executive officer of Comviva, said: “It is a competitive market with global and local players. The market is large and did not exist earlier because these services were not possible on 4G.