5 Great 5G Metrics for Digital Transformation

The 5G ecosystem has promised over double the growth rate as compared to other connectivity transformations. The major impact is expected to be experienced by countries that already have agile platforms and IoT infrastructures set up.

Let us look at some numbers to understand the growth of this particular market:

·??????In 2020, the global 5G market was at a valuation of $53 Billion.

·??????From 2020 to 2026, the market is expected to attain a CAGR of 29.4%.

·??????Ultimately, in 2026, the market will hit a value of $249.2 Billion.

This magnificent growth can be attributed to 6 major factors. These include emergence of IoT, M2M, connected cars, telemedicine, smart grid, and industrial automation.

The necessity for B2B 5G arose from emerging technologies like AR and VR and the necessity for ultra-low latency, high speed, and low power.

In part 2 of Orion’s “Transformation, Tech, and Trends” series, we will discuss the 5 major metrics to consider for 5G transformation. Let’s dive right in.

Five Great 5G Metrics

1)???Strategy and Planning

PwC estimates that the aggregate adoption of 5G will boost the global GDP to $1.3 Trillion by 2030. 5G will be a vital element in the technology toolkit, so every leader should strategize and have an implementation plan that should cover??

-???????Assess how 5G could help resolve your biggest business challenges

-???????Factor in the new trends that AI, automation, edge computing, XR ?will bring in with 5G

-???????Assess the business process, service or product changes that might be required

-???????Most important, budgeting for the implementation

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2)???Network Functions Virtualization (NFV)

NFV disconnects network functions and migrates them to virtual servers. A study by ACG Research (2019) states cases whereby MNOs could reduce CapEx by 68% and OpEx by 67% with NFV.

Some of the major advantages include:

·??????Pay-as-you-go: Major cost reductions as organizations pay only for what they need.

·??????Reduced OpEx: As NFV runs on virtual machines fewer appliances are required making operational costs lower.

·??????Scalability: Network architecture with virtual machines is faster and easier, offering faster scalability.

3)???Network Automation

-???????Intelligent automation will fuel 5G’s promise to drive Industry 4.0 on developing digital ready, agile and performance driven, reliable networks.

-???????5G transitions is both CapEx and OpEx reduction focused?

-???????With cloud-native architecture enabling automation, it will lead to lower OpEx expenses and more agile service designs

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4)???Hybrid Network Architecture ?

-???????4G and 5G networks will run concurrently for some time as a hybrid model, across private and public cloud deployment environments.

-???????A strategic and measured approach to 5G implementation is required one in which there is neither haste nor unnecessary delay.

-???????The goal for operators should be a cloud-native architecture that can enable new service creations by leveraging on efficiencies through containers and Kubernetes, ensuring quality of experience (QoE).

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5)???Educate Employees

Gartner predicts that companies may spend up to $3.9 Trillion on IT systems. The limitless possibilities that 5G will open up must be conveyed from frontline to leadership employees to ensure enhanced productivity and RoI on IT spends.

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Conclusion

We would like to end this post with a couple of crucial 5G Impactful Statistics for the year

·??????By 2024, 5G networks will have a global coverage of 40% and will handle 25% of all mobile traffic data

·??????5G will be 100 times faster than 4G

·??????A 5G Network has the capability to support millions of devices / square miles

·??????5G Latency will range between 1-4 Milliseconds in ideal conditions.

An important factor is also to seek out trusted partners for the successful and optimal deployment of 5G solutions. Stay tuned to this space as we return with another discussion that is will define the IT development landscape of 2021 and beyond.

If you are interested in having insightful discussions about the nuances of the IT development terrain, drop a mail at [email protected]

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