Fifth-generation (5G) technology represents a fundamental shift in communication network architectures and accelerates revenue potential through innovative services that 5G-enabled smartphones, tablets, laptops, and Internet of Things (IoT) devices facilitate. This breakthrough technology delivers a potent combination of network capabilities and flexible options for network deployment that communications service providers (CSPs) can use to deliver differentiated, customized, and scalable wireless experiences.

CSPs and their customers are just beginning the 5G journey, and they face both great potential and significant hurdles. In this document, Frost & Sullivan outlines the major growth opportunities in 5G across network infrastructure, network services, and applications domains. Market forecasts for the highlighted opportunity areas are also provided.

The 12 growth opportunities covered are 5G Connectivity, 5G and Customer Experience, Open and Virtual RAN, Private 5G Networks, Mobile Field Service Management, Mobile Situational Awareness, Mobile Advertising, Mobile Financial Services, AI-enabled Network Optimization for Private 5G Networks, 5G AI-enabled I/IoT, 5G Operations Support Systems (OSS), and 5G Business Support Systems (BSS).