GSMA Intelligence forecasts that total IoT connections will double between 2019 and 2025, reaching 24 billion. IoT is transforming many industries such as Enterprise and Manufacturing, creating value for both businesses and their customers. 5G has the ability to become a catalyst for next generation IoT services, which in turn will lead to better decision-making, increased productivity and greater revenue growth. IoT Connectivity theme will explore the industry specific benefits brought by the powerful combination of 5G networks, AI and big data and IoT.
According to a report by ABI Research, Global telco cloud revenue will grow to US$29.3 billion by 2025, up from US$8.7 billion in 2020, fuelled by cloud infrastructure related investments such as virtual network functions (VNFs), management and network orchestration (MANO) and cloud-native functions.
Business leaders are experiencing first-hand what an agile cloud-centric model can bring to their operations and the importance of adopting new technologies and cloud-native principles. Enterprise and consumer demand is driving a shift towards edge infrastructure and in doing so, unlocking new revenue and engagement models.
5G is transforming our daily lives, bringing amazing new services into homes and businesses alike. At the same time, it also offers an opportunity to transform the networks delivering those services – thanks to a myriad of new mobile innovations. GSMA Intelligence research, highlights that more than half of all mobile operators believe that the integration of Open Networking technologies is important to their strategies, with nearly 60% expecting to use 5G as an opportunity to introduce new suppliers into their network.
The 5G Era is a driver of innovation for the connectivity industry and adjacent industries, but to realise the full potential, MNOs and their partners and customers must consider much more than the last mile.