Why Tech Companies Are Eager to Invest in 5G
Why Tech Companies Are Eager to Invest in 5G
Anticipating faster networks and greater IoT capabilities, companies are fast-forwarding 5G initiatives, with many aiming for public launches within the year.
Universal Buy-In
96% of the executives surveyed said their company plans to leverage 5G technology, and 67% either have already evaluated 5G or will do so over the next 12 months.
How Organizations Plan to Leverage 5G
Deploy 5G networks and infrastructure: 36%,
Utilize 5G tech in products and services: 34%,
Create 5G technology and software: 18%,
Make 5G devices or equipment: 8%
Why Tech Firms and Service Providers Invest in 5G
Need for a flexible and scalable network: 59%,
Customer demand: 55%,
Potential for market leadership: 46%
Big Debut
34% of the executives surveyed will publicly release their 5G solution within the next 12 months (if they haven’t already). An additional 42% will do so one to two years from now.
Industries Driving Demand for 5G
Telecommunications: 73%,
Technology: 67%,
Financial services: 37%,
Services: 36%,
Healthcare: 33%
Benefits Summary, Part I
68% of the executives surveyed expect 5G to provide much higher reliability and lower latency, while 60% anticipate improved spectral efficiency.
Benefits Summary, Part II
50% expect 5G to deliver “massive” multiple input/multiple output (MIMO), and 35% anticipate millimeter wave and very wide bandwidths.
Wish List
88% are seeking faster networks from 5G, and 71% want greater internet of things (IoT) capabilities.
Biggest 5G Development Barriers
Restrained budgets: 42%
Lack of clear standards and guidelines: 38%
Lack of expertise: 35%