The last 10 years were a whirlwind of transformation and change in our lives, a major part of which was due to the technological advancement in the telecom industry. With all that we have learned and gained, we are opening the doors to an entirely new world, where times will fly at the speed of 5G.
Over this period, technology has significantly evolved from data to virtualization to now AI and ML. This new era that had seemed so far and yet now so close will change meanings to everything that we know as we prepare for the fourth digital revolution or the Industry 4.0. The concepts of cloud, virtualization, 5G, edge computing, AI/ ML that have been floating around for some time will now have a stronger current leading to enhanced lifestyles, productivity, sustained growth and contributing to an economic boom.
And at the core of this is the opportunity for the CSPs to play a pivotal role by providing not only ubiquitous and seamless connectivity but also value-added services. They are transitioning their networks to a virtualized, container and microservices-based with a cloud-native architecture. This new architecture will also enable CSPs to take advantage of network slicing and low latency to more effectively support use cases in areas such as automated transportation, video analytics, RPA, AR/VR solutions, advanced healthcare applications and cloud-based gaming.
Evolution has always been an imperative in this industry and 2019 in India encouraged the telecom businesses to reinvent their services. With 2020 the industry will be embarking on a digital journey from a digital transformation. The flaming trends for the coming year would see a transition to 5G, greater dialogue about AI, network optimisation, IoT, cloud computing, cyber-security, premium content delivery and cross-industry alliances.
Transition to 5G
The much-awaited transition to 5G is expected to generate a windfall for network, infrastructure, and equipment vendors. Worldwide 5G network infrastructure revenues will touch USD 4.2 billion in 2020, recording YoY growth of 89%. As reported in a study by Qualcomm, the global 5G value chain will generate USD 3.6 trillion in economic output and support 22.3 million jobs in 2035.
Nokia has already announced 63 5G commercial contracts and 18 Live Network with customers globally. From an execution viewpoint, 5G will be a major enabler of achieving National Digital Communication Policy (NDCP) target of 50 Mbps per user throughput and attaining 50% of households with broadband access by 2022.
The administrative support of making available enough spectrum at competitive prices and offering incentives to stakeholders will help boost the 5G development. From an implementation standpoint, preparation is required for transport modernization, core architecture and enhanced security setup before first 5G cell goes on-air.
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