The fifth generation of wireless cellular (5G) is driving increasing demands on mobile operator networks, which are faced with the need to improve operational efficiency and reduce the time required to deliver new high-throughput, low-latency network architectures to support emerging use cases.
via 5G Americas
While 2019 has seen the first deployments of 5G in the consumer domain, 2020 will be the year of large scale commercial 5G rollouts across the globe. As a result of this network investment, 5G generated revenues for cloud-based entertainment services are forecast to rise rapidly.
Organizations moving to adopt next-gen wireless believe it has the potential to provide a competitive advantage. Eighty-six percent of networking executives surveyed believe advanced wireless will transform their organization within three years and 79% say the same about their industry.
The emerging market for 5G cellular connections in manufacturing is expected to reach $10.8 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 187 percent, according to the latest worldwide market study by ABI Research.
In the United States, where 94% of adults reported having internet access last year, 62% of employed Americans say they worked from home due to the coronavirus as of April 2, according to Gallup Panel data. This ability is also largely tied to the field of work for many.
Over the last few weeks, Cisco and IBM have launched a joint initiative to create free virtual classrooms for students affected by nationwide school closures. The aim is not only to connect teachers and students through interactive online classes, but to also help them use the technology more effectively.
via The Network
The global smart meters market will grow from $20.7 billion in 2020 to $28.6 billion by 2025 — that’s at a CAGR of 6.7%. The market drivers are government mandates and supportive policies, real-time monitoring of utility systems and dynamic pricing.
“The rapidly unfolding coronavirus pandemic has underlined the criticality of telecom infrastructure. The global health emergency is placing new pressures on telecom services, as well as spotlighting the key role they can play beyond simple connectivity in emergency scenarios such as this.”
via TM Forum
Healthcare providers, historically slow to pursue digital transformation, are being forced to jump on the bandwagon. Telehealth will meet the demands being placed on the healthcare ecosystem by COVID-19 and accelerate investment in digital technologies.
via Everest Group