Communication Service Providers around the world are already preparing for the advent of 5G through trials and technology upgrades intended to ascertain associated new business opportunities. In many instances, business and governments are participating in trials to better understand the need, to ready their environment for new business use cases so they can envision the possibilities 5G offers. Today’s enterprises must develop clever techniques to meet their increasing demand for data, and methods such as open sourcing the development of 5G technologies and processes will have an enormous impact in enabling the innovation required to make 5G a reality.
A recent survey by Heavy Reading, Accenture and Viavi Solutions sought to understand operators’ attitudes towards 5G and customer experience. Ninety-four percent of the respondents viewed 5G as a new business-to-business growth opportunity. Operators view low latency, higher broadband speed and massive connectivity between machines as the leading 5G features that will attract valuable customers. Also, more than 60 percent of the respondents believe Artificial Intelligence (AI) based decision-making and high-resolution, video-based use cases will be the leading growth areas motivating consumers to use 5G and its corresponding benefits.
How 5G will make an impact in various market sectors:
5G is being developed based on market requirements and available technologies. NFV, SDN, Cloud, and open
source development of 5G technologies and process, as well as educating professionals and students about 5G, will bring transformation in network systems and operations. After all, we are looking to pool the best brains and resources to make 5G happen.
Many developing nations have gained more than their industrialized counterparts from the deployment of mobile technology. It is estimated that the global economic impact of 5G in new goods and services will reach $12 trillion by 2035, as 5G moves mobile technology from connecting people to people and information, towards connecting people to everything.