5G Trends Fueling Future Innovations Across Industries

Verizon Business is a technology solutions company that helps empower enterprise and medium-sized businesses to drive scale and growth.

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Jophy Varghese APAC Head -Sls & Strategic Alliances Verizon Business

In India, the company offers data & network solutions, along with cyber-security and private 5G services, delivering on customers’ demand for reliable network connectivity, security, and control, across industries. During an interaction with Vidushi, Jophy Varghese, APAC Head -SIs & Strategic Alliances, Verizon Business discussed various aspects of 5G trends and cloud computing in the APAC Market.

Kindly talk about 5G trends worldwide including Asia/India – APAC standing in the global market/India standing in the APAC market.

The Asia Pacific region continues to lead and has successfully implemented 5G technology despite many economic, geopolitical and regulatory challenges. Countries like South Korea, Japan, China, Australia have already launched commercial 5G Networks and more countries are on the way.

Governments, Telecom Operators, System Integrators, Technology vendors and other stakeholders are forming partnerships and collaborations to accelerate the deployment of 5G in many countries.

Over the next few years, the industry will witness the advent of 5G Advanced and an increase in the number of monetizable 5G use cases and increased 5G investments in mid-band and mmWave bands.

As per a recent study, the Asia Pacific 5G market is anticipated to expand at an overall compound annual growth rate (CAGR) of 166% and will be worth more than USD 64 Billion by 2025. Government initiatives in spectrum allocation, regulatory reforms, and incentivizing the telecom companies to invest in 5G networks would be crucial as well.

How is enterprise 5G helping different sectors? Which is the least expected sector benefitting from the service?