- Ericsson releases its largest consumer study to date, representing the opinions of 2.3 billion consumers across 31 markets
- On average, consumers will add 2.5 new services to their online activities by 2025
- Consumers’ time spent online is set to increase by ten hours per week on average by 2025
The move to handling essential elements of everyday life online, prompted by the Global Covid-19 pandemic, will remain a fundamental reality for people around the world long after the pandemic has passed, a comprehensive new consumer report by Ericsson (NASDAQ:ERIC, news, filings) predicts.
Called The Future Urban Reality, the Ericsson ConsumerLab report is Ericsson’s largest consumer study to date. It reveals key insights about what consumers believe will happen beyond the pandemic to the year 2025.
Representing the equivalent opinions of 2.3 billion consumers across 31 markets worldwide, the report predicts that consumers will not only continue to manage routine activities - such as remote work, e-learning, e-health and online grocery shopping - online but will also add an average of 2.5 new services. The report predicts that consumers will instead prioritize their leisure time to travel more, practice mindful living and spend time with friends and family.
As a result of increased online activities, consumers are predicted to spend, on average, an extra ten hours per week online when they enter the next normal. This move is also expected to close the gap between moderate and advanced online users, with the more moderate online users having introduced more online services in their daily life over the course of the pandemic.
Zeynep Ahmet, Senior Researcher, ConsumerLab, Ericsson Research, says: “Throughout the pandemic, information and communication technologies (ICT) have become the key means for consumers to manage many aspects in their everyday lives. Our latest findings suggest that this will continue well into the ‘next normal’ and beyond. This trend can support consumers to prioritize more of the important things in life, whether that is spending more time with loved ones or leading a healthier lifestyle. As an enabler of new online habits, it is clear that both mobile networks and digital inclusion efforts will play a crucial role in building tomorrow’s resilient, inclusive and equal societies.”
Key findings from the report:
- Anything routine will happen online by 2025: one in two consumers expect to use e-learning for upskilling. More than half of consumers globally believe all their entertainment activities will be online. More than one-third of consumers will order their groceries mainly online going forward.
- 64 percent of consumers expect heightened stress-levels within society: more than three-in-five consumers believe that it will be necessary to juggle multiple jobs to maintain a decent income. At the same time, seven-in-ten consumers expect to lead healthier lives.
- Convenience will come at the cost of privacy: while 75 percent of consumers predict that life will be steered by convenience in 2025, seven-in-ten also expect to pay more attention to their online security and privacy.
- Local shopping will lead the way: driven partly by environmental concerns, half of consumers globally expect to shop for more locally made products and produce as a new future norm.
- Half of consumers express a concern for climate change, yet 67 percent are looking to increase their leisure travel going forward: while most consumers believe that more sustainable travel options should be made accessible, only one in three indicate that they will refrain from flying when traveling for leisure in the future.
- Time spent online will increase by an average of 10 hours per week by 2025: the dependence on online platforms is expected to continue beyond the pandemic, with consumers predicting that they will add 2.5 more services on average to their daily online activities by 2025. This reiterates the importance of digital inclusion in ensuring an equal and resilient ‘next normal.’
Ericsson ConsumerLab: keeping consumers connected during the COVID-19 world
Ericsson ConsumerLab: the voice of the consumer
Ericsson IndustryLab: the voice of business, industry and society
NOTES TO EDITORS:
Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people around the world. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com