More computing power is moving to the edge of mobile networks and it’s going to be amazing. 5G Edge Computing will provide a foundation for the development of enterprise use cases and industry vertical applications. To capture the value at stake, Communications Service Providers (CSPs) will use new data.
5G technology is estimated to offer internet access at least 40 times faster than 4G LTE. The Europe 5G infrastructure market was valued at $359.3 million in 2019 and is forecast to reach $42.7 billion by 2027, with a CAGR of 85.1% from 2020 to 2027.
via Allied Research
The number of businesses using asset tracking solutions will reach 90 million in 2020, and exceed 114 million by 2025 — that’s a growth rate of 27 percent over the next five years, according to the latest worldwide market study by Juniper Research.
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
The global smart home market size is expected to grow from $78.3 billion in 2020 to $135.3 billion by 2025 — that’s a CAGR of 11.6%. The growth is driven by increasing internet users, the income of people in developing economies, home monitoring in remote locations, and the need for energy-saving & low carbon emission solutions.
Developing an IoT business model and commercializing the solution is not simple but it can be a game-changer. In fact, 61% of new study participants claim that it allowed their company to achieve a competitive advantage compared to their competition.
via IoT Analytics
“As the number of connected devices and networks grows, 5G will bring both benefits and challenges in terms of network and data security. This will make it essential for healthcare organizations to evaluate risks and vulnerabilities around the availability of and access to patients’ health data.”
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.