5G is preparing to change everything from entertainment to telemedicine, and new mobile technologies also provide operators with unique opportunities to make money.
As a technology with revolutionary potential, 5G is surpassing the hype stage. Countries are scrambling to pursue the next generation of wireless connectivity and the unlimited opportunities it may bring.
The fifth-generation (5G) network promises unparalleled speed and capacity, as well as low latency and a user experience similar to fiber optic network speed. The 2018 Winter Olympics in South Korea can give fans a glimpse of the future of 5G. Multiple cameras around the Olympic ice rink shot 360-degree video of figure skaters, which will allow viewers to "stop the action" and watch from all angles.
With the finalization of the independent 5G-NR standard, we expect that this technology will be widely deployed in early 2020, and it is expected that the number of 5G users will increase to 2.61 billion by 2025. Encouraged by these exciting prospects, major telecom companies have invested heavily in new technologies. This year, Verizon Telecom plans to spend $17.8 billion in capital expenditures, including the commercial launch of 5G.
There is no doubt that upgrading to 5G requires huge expenditures, but how can telecom operators ensure a return on investment in 5G?
Highest connectivity
The latency is as low as 1 millisecond, and the astonishing speed is as high as 4 Gbps. 5G can provide lightning-like connection speeds. A wider range of frequency bands and increased capacity mean that the next generation of wireless networks will be able to accommodate a greater number of connected devices, thereby promoting the overall growth of the Internet of Things. In view of the growing consumer demand for connected homes, electronic products and cars, 20 billion IoT devices will be put into use by 2023.
Traditionally, automobiles and manufacturing have been early adopters of the Internet of Things, but connected service providers (CSPs) can increase revenue by supporting digital transformation in more industries-from healthcare to agriculture to retail, by 2026 In 2009, it is estimated that the revenue opportunity of the Internet of Things will reach 1.8 trillion US dollars.
5G slice
In order to fully tap the potential of the new powerful 5G network, operators rely on network slicing, a novel architecture that introduces logically independent network "slices" running on shared physical infrastructure.
By using the network slicing model, operators can divide the physical network into multiple virtual networks, and each virtual network is divided according to different service requirements, such as delay, bandwidth, security, and reliability, to flexibly respond to different networks Application scenarios. For example, telemedicine is a data-intensive service that requires higher bandwidth and ultra-reliable networks; and billions of sensors from less mission-critical IoT devices can use low-power network slices.
5G monetization strategy
This fine slicing allows new 5G monetization models. Technology companies are figuring out smart ways to add new sources of revenue. At Mobile World Congress, Ericsson demonstrated a powerful revenue management solution that can monetize 5G slices in real time based on performance and cost characteristics. Think of it as a monetized "container-style" 5G network "space", similar to How Kubernetes realizes the scalable monetization of cloud computing space.
Ultra HD mobile video
The demand for mobile video is soaring. According to Ericsson, by 2022, video will account for 75% of mobile data traffic. The 5G network will not only support the demand for video streaming applications with increasing bandwidth requirements, but 5G will also ensure an excellent quality of experience.
With 5G ubiquitous connections and higher speeds, mobile customers will be able to enjoy ultra-high-definition video on any platform, no matter where they are. Increased network capacity and lower end-to-end latency will support high-resolution live broadcasts, such as in public events-such as sports games, concerts, etc.
Real-time virtual reality (VR)
Virtual reality (VR) applications are extremely sensitive to delays, delays exceeding 20 milliseconds can cause dizziness. Today's 4G connections have an average latency of 50 milliseconds, which poses a major limitation on creating "real-time" virtual experiences.
With its ultra-low latency, 5G is expected to provide a truly immersive VR experience. To prove this and demonstrate the possibility of its commercial 5G network, communications company Verizon used virtual reality (VR) technology to test 5G mobile networks at the Super Bowl of sports events. In this test, two rugby players wear wireless VR headsets to perform a series of actions such as passing, intercepting, and breaking through the 5G network. Tests have proved that although the images seen by the athletes in the VR environment are black and white with a certain delay, the delay under the 5G network is very low and can basically be synchronized with the real images in real time, so that the athletes can complete a series of judgments smoothly And action.
Location awareness
With higher bandwidth, denser networks and more connected devices, cutting-edge 5G technology will improve location awareness. The 5G-NR standard is expected to improve positioning to sub-meter accuracy without placing additional burdens on device batteries.
High-precision location estimation, which is critical to location-based services, will enable network operators to seize new business opportunities for manufacturers of autonomous vehicles, intelligent transportation systems (ITS), drones, and other connected devices.
Improved positioning will also have a huge impact on marketers, enabling them to understand who the customer is, where they are now, and where they are going. This fine positioning—combined with the wealth of data from many connected devices—will enable brands to optimize their target customer positioning strategies in order to provide customers with personalized preferential services at the right time.
5G: Looking to the future
5G wireless networks have real disruptive potential for almost all industries-from media and entertainment to transportation to telemedicine. As a provider of this technology, if network operators can recognize business opportunities and develop practical use cases, they can get a lot of new revenue.
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