The introduction of 5G has benefitted the economy in server ways. It
helped in the growth of various new technologies such as the Internet of
Things (IoT), Artificial Intelligence (AI), Virtual Reality (VR),
Augmented Reality (AR), Machine Learning(ML), and blockchain. Apart from
leading the growth of new business operations and applications, it has
provided revenue for telecom operators.
Technology has been going "through an endless revolution for the past
couple of years. It has transformed our lives and several industrial sectors
in various ways. Telecommunication is one of the major sectors that has
benefitted greatly from new technologies. Mobile Internet has played a huge
role in uplifting the popularity of smartphones among every age group. It
all started from 2G, moving onto 3G and 4G, and now it has entered a new
phase, 5G.
The primary objective of 5G is increasing data speed while also reducing the cost of operations in terms of per GB cost. 5G will escort innovative business models, thereby providing state-of- the-art applications to individuals and scores of sectors such as industrial, commercial, educational, healthcare, agricultural, and social. All these sectors require a faster and uninterrupted network that can be offered by only 5G.
The 5G network furnished with ultra-low latency will also help in the growth of various new and emerging technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), Virtual reality (VR), Augmented Reality (AR), Machine Learning (ML), Blockchain, and Fixed Wireless high-speed broadband network. Apart from leading the growth of new business operations and applications, it will also provide revenue platforms for telecom operators.
The primary objective of 5G is increasing data speed while also reducing the cost of operations in terms of per GB cost. 5G will escort innovative business models, thereby providing state-of- the-art applications to individuals and scores of sectors such as industrial, commercial, educational, healthcare, agricultural, and social. All these sectors require a faster and uninterrupted network that can be offered by only 5G.
The 5G network furnished with ultra-low latency will also help in the growth of various new and emerging technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), Virtual reality (VR), Augmented Reality (AR), Machine Learning (ML), Blockchain, and Fixed Wireless high-speed broadband network. Apart from leading the growth of new business operations and applications, it will also provide revenue platforms for telecom operators.
The countries that have successfully deployed 5G networks are Australia,
South Korea, Taiwan, Japan, the US, UK, Germany, and a few others. They lead
in terms of 5G network deployment, and site activations within the Asia
Pacific have 5G non-standalone architectures that support 4G/LTE
infrastructure for higher speeds. As of now, India is home to a mere 322
million wireless broadband subscribers. However, as per a report by
Edelweiss, the subscribers are expected to jump to one billion by 2025 with
SG. It is crucial as telecom is the very backbone of India's digital
revolution.
Potential market areas of 5G communication
As per IDC 's carrier transformation survey run at APeJ level, the top
three 5G use cases for operator CXOs are massive loT, remote-controlled
automation, and multi-access edge computing. Under the current scenario a
gamut of interconnected products and services (smart homes, smart
refrigerators, smart HVAC, smart cars, CCTVs, smart devices, etc) might be
an ideal play for operators, but India is still at a very nascent stage for
5G adoption.
Hence, in this context, let's find out what the experts have to say :-
Faisal Kawoosa, founder and research analyst at techARC, says, "Due to the ongoing Covid-19 crisis, we have seen how much we can leverage from a robust and fast broadband connection. We believe that we have several use cases Like industrial automation, highspeed home broadband, or immersive collaboration, be it for education, healthcare, or Just office collaboration. Then there are use cases like ultra-rich multimedia content where we can use AR/VR for entertainment and gaming."
Rajan S Mathews, director general, COAI, says, "With 5G, technologies such as autonomous driverless cars, smart transportation and logistics, smart farming, drone patrolling for road safety, holograms, and remote robotic healthcare are expected to enter our world and become more and more pervasive by the day. The technology is poised to open up a plethora of possibilities in terms of business models, better education, healthcare, smart cities, smart manufacturing, intelligent logistics, and overall enhanced lifestyles. The potential can be imagined by the fact that by 2026 there will be an estimated 619 billion dollars revenue potential for telecom operators."
Hence, in this context, let's find out what the experts have to say :-
Faisal Kawoosa, founder and research analyst at techARC, says, "Due to the ongoing Covid-19 crisis, we have seen how much we can leverage from a robust and fast broadband connection. We believe that we have several use cases Like industrial automation, highspeed home broadband, or immersive collaboration, be it for education, healthcare, or Just office collaboration. Then there are use cases like ultra-rich multimedia content where we can use AR/VR for entertainment and gaming."
Rajan S Mathews, director general, COAI, says, "With 5G, technologies such as autonomous driverless cars, smart transportation and logistics, smart farming, drone patrolling for road safety, holograms, and remote robotic healthcare are expected to enter our world and become more and more pervasive by the day. The technology is poised to open up a plethora of possibilities in terms of business models, better education, healthcare, smart cities, smart manufacturing, intelligent logistics, and overall enhanced lifestyles. The potential can be imagined by the fact that by 2026 there will be an estimated 619 billion dollars revenue potential for telecom operators."
