Description
5G will enable a new era of mobile Internet of Everything (IoE), with its lower latency and faster speeds. As a result, it will bring new participants from various industries, including transportation, manufacturing, healthcare, and entertainment. This will facilitate the evolution of business models and is expected to create economic value.
5G technologies, such as artificial intelligence, edge computing, and automated control, will especially enhance Internet of Things (IoT) use cases and create 5G-enabled revenue growth opportunity for mobile operators. Demand is building for small-scale private networks and 5G-ready networks within Industrial IoT (IoT). The government sector, in particular, is expected to contribute the largest revenue component among key verticals as a result of adoption of automation technologies and smart city applications.
Security is a critical success factor, as 5G will enable Massive Internet of Things (MIoT) applications, such as traffic sensors and Vehicle-to-infrastructure (V2I) services. It is critical that hackers do not get access to sensitive data, hijack IoT devices, or disrupt the 5G services. In view of this, security has been a top priority in most industries, particularly in healthcare and finance.
In order to transform industry applications and business models, the integration of 5G with other technologies is highly recommended. Network slicing being a significant feature in 5G, enables connectivity and data processors to be tailored to specific requirements and provide end-to-end virtual systems for the industry.
It is predicted that the region would see more edge computing utilization within 5G networks. Manufacturing, government, and the transportation industry will be among the initial few industries to experience the impact of 5G. The current increasing demand for video content indicates that 5G will bring a new dimension to the media and entertainment industry in Asia-Pacific.
As a result, the total 5G market in Asia-Pacific is expected to grow to approximately to US$279 billion in 2026. There are 7 major industries that will contribute to this: government, manufacturing, transportation, finance, retail, agriculture, and media and entertainment. The key drivers of implementing 5G within these industries are the potential revenue growth opportunities for mobile operators and new business models.
This paper covers the transformational impact on key verticals with the upcoming introduction of 5G in Asia-Pacific. It provides a market overview, forecast, and trends in the region. The enablers and inhibitors of 5G in each key vertical are analyzed, along with their 5G potential, impact, and business models and monetization. The threats and vulnerability of 5G networks is also discussed. Security aspects and effectiveness of various security solutions are further analyzed to prepare mobile operators from a security standpoint.
Countries covered include Australia, China, Japan, India, Indonesia, Malaysia, Singapore, South Korea, and Taiwan. The companies mentioned in this study include, but are not limited to, AT&T, Audi, AXA Insurance, BMW, BSNL, Bosch, China Mobile, China Unicom, Commonwealth Bank of Australia, Deutsche Telekom, Einride, Ericsson, Huawei, iCliniq, Intel, KDDI, KT Corporation, Lexus, LG Uplus, NEC, Nokia, NTT Docomo, OCBC Bank, PTC, Reliance Jio, Samsung, Singtel, SK Telecom, Softbank, Starhub, Telstra, Toyota, Volvo, Wakayama, ZTE.
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