Establishing prevalent communication among people and devices
It is anticipated that by 2025, 1.5 billion users will adapt to 5G network.
The market opportunity here is immense and we are at the forefront. We are focusing on ensuring that the current applications of today are future-ready once the necessary infrastructure is in place.
Businesses across the world still face challenges like the spectrum needs to be opened up for different countries. For now, only large players like Ericsson, Nokia, NTT and operators like Verizon, AT&T, etc. have implemented this technology. South Korea is the first country in the world to have adapted 5G network to its full potential. The cost of upgrade is still very high for telecom operators.
We create business models and value proposition models to help our customers decide the viability of 5G adaption and provide services for architectural and platform innovation that needs to be done to allow full utilisation of the 5G network. We focus highly on the operational complexities that need to be worked out.
Moving into the future, the network deployment parameters and training the technical teams on the 5G network will become key for us as network layout design, software architecture design and customer experience will almost need to merge and provide a stronger combined and effective offering.
The dawn of 5G networks is not far away. The most recent estimates point to 2020 as the year that fully standardized 5G networks will start to hit the market and deliver unprecedented levels of connectivity, but we should start to see their usage from 2018 at events such as the Winter Olympics in PyeongChang. It’s an exciting prospect for a variety of reasons. 5G will follow a ‘network-of-networks’ approach, enabling the convergence of fixed and wireless networks to bring together an evolution of mobile broadband services, ultra-reliable critical communications services and the fruition of large scale IoT projects.
Industry digitization will generate an estimated $700 billion market opportunity for service providers by 2030, equivalent to approximately 35 percent of current industry revenue, says Ericsson President and CEO, Borje Ekholm. Moreover, Ericsson found that 70 percent of enterprises are seeking to engage with a non-telecom service provider, while a third already consider communications service providers as an important partner in their digitization efforts.
5G was first brought to my attention through conspiracy theorist Alex Jones, who stated on a podcast with Joe Rogan that “5G causes massive mutation and cancer” and with that 5G quickly became the internet’s new favourite conspiracy—but what exactly is 5G and who exactly is saying it could harm us? With 5G, we will be stepping fully into a new area of real-time response time online. We are moments away from being able to download HD movies in seconds, real-time communication in other languages and seamless lag-free gaming, but the benefits of 5G don’t stop there.
Today, all vehicle manufacturers offer cellular connectivity in their vehicles, either as standard equipment or as an option. Safety applications for vehicles, such as emergency call (eCall), are increasing as is the ability to connect to Internet information and entertainment. Communication between vehicles, to and from roadside infrastructure is also on the rise. But what will be the future evolution of transport as 5G is rolled out?