It’s still not too late for your organization to get in on the ground floor of 5G technological advances – but the digital clock is ticking.
Quite frankly, the business potential of 5G is staggering. Industries are digitalizing, and current mobile technologies already support this transformation. 5G will further enhance industry digitalization use cases and will make possible others not at all supported today.
The list of advanced industry use cases enabled by 5G technology is a long one: remote control of heavy machinery in dangerous environments, drone field maintenance of power sub-stations and vehicle-to-vehicle cooperative collision avoidance – you get the picture.
But what is the revenue potential for telecom operators addressing these use cases, which are already transforming the manufacturing, utilities and automotive sectors?
Conservative estimates have found that by 2026 there is a USD 619bn revenue potential for operators addressing 10 specific industries with 5G – manufacturing, energy and utilities, public safety, healthcare, public transport, automotive, media and entertainment, financial services, retail and agriculture.
This corresponds to an additional 36% revenue growth potential on top of current operator service revenues. This is unarguably a substantial revenue pool. But to capture this opportunity will require a lot from the companies pursuing this path.
Not surprisingly, they can achieve larger growth if they embrace every step of the value chain: connectivity provisioning, service enablement and application provisioning. Operators will need to change and focus their organization’s engagement, operation and production models to succeed.
Standards for 5G are set by the 3rd Generation Partnership Project (3GPP).
Want to learn more? Tonex offers Introduction to 5G, a 2-day training course covering next-generation of mobile networks beyond the 4G LTE mobile networks. Gain a working knowledge of 5G networking and communications standard. In this course, discover all you need to know to effectively plan, develop or use 5G in your applications. Understand the important concepts and requirements set forth by the 5G.
Tonex offers more than three dozen additional courses in 5G Wireless such as: