As per the market study, there will be more than 280 million subscribers who will be using 5G services because of the end-to-end real-time service that it will offer. Thus, the revenue generated by 5G services will reach around $4.5 bn.
5G is capable of offering the infrastructure that is required for carrying a huge amount of information so that the world is connected to a new level. The growth of smart devices, IoT, mobile phones and drones offer a great market for the launch of 5G services.
Asia has been one of those continents where a large number of people use smart devices and it is assumed that 5G penetrate will transform the cities and those places will be more developed.
Raising the stake:
As the countries in Asia are quite populous and the digital economy is rapidly growing, the launch of 5G services can make a drastic change in the communication sectors, transport, supply chain management as well as healthcare facilities.
As the new 5G service will offer low latency, high-speed data than 4G, customers will experience a noticeable difference. The video gaming and e-sports industries are already growing in the countries in Southeast Asia are and it can be said that the introduction of 5G will improve the process even faster.
Though Japan, China, and South Korea are planning to roll out the services of 5G across the countries, there are still some doubts regarding the implementation of the service by each of the Asia country. The developing countries may find it hard to implement 5G service as the demand is limited there. Besides, customers, on a large scale, are also waiting to understand how the process works.
Even so nobody can really deny the growth in the profile of the Asian countries where the upcoming 5G technology is concerned. Asian telcos, including China Mobile, SK Telecom, KDDI are making a huge progress in the development of 5G ecosystem in their respective countries. Chinese Government is also investing a huge amount in the research and development of 5G in the country. SK Telecom continues to conduct a number of trials and tests for 5G. The Chinese vendor, especially ZTE has also made a mark in coming up with special products for the 5G market. (SK Telecom Chalks Out Perfect 5G Strategy
Even though there have been some obstacles primarily, 5G services have started to offer new opportunities and many countries are ready to adopt the improvement that it offers. The operators of mobile networks play a vital part in the success of the service. It isn’t hard to understand that 5G will change the world and make it more connected than ever before. The dream of a world that is smarter is on the verge of being made.