ALSO READ: Telecom research report on standardized 5G NR market
Despite the lack of sufficient LTE coverage in parts of the world, mobile operators and tech vendors have already started making investment in R&D initiatives to develop 5G. 5G technology vendors include Ericsson, Nokia, Huawei and ZTE. AT&T, Verizon, China Mobile, Airtel, Deutsche Telekom and SoftBank are keen to make 5G investments.
There are use cases for 5G mobile. Speed and latency make the difference for the fifth generation of wireless technology. The report said 5G mobile is expected to provide a single network environment to deliver existing mobile broadband and IoT services, and new innovations such as self-driving cars, cloud robotics, 3D holographic telepresence and remote surgery.
The global telemedicine market, which accounted for revenue of $17.87 billion in 2015, is expected to grow at a CAGR of 18.7 percent during 2016 – 2022. Investment in 5G and 4G networks will also be fueling the growth of telemedicine industry.
The tele-monitoring segment, one of the services, is expected to witness the fastest growth during the forecast period at a CAGR of 21.8 percent. The significant growth in telemedicine market is due to increasing number of smart phone users, medical requirements in remote area, and growing geriatric population.
The above chart indicates the growth of 5G subscribers in coming years. The chart is prepared by leading research firm Ovum in association with telecom industry association 5G Americas.
The first standardized deployments of the 5G technology are expected to be commercialized as early as 2019 with the 3GPP’s initial 5G specifications set to be implementation-ready by March 2018.
Between 2019 and 2025, the standardized 5G NR infrastructure market will grow at a CAGR of approximately 70 percent, eventually accounting for over $21 billion in annual spending by the end of 2025.
The 5G infrastructure market will be complemented by additional investments of over $7 billion on NextGen core and transport (fronthaul / backhaul) networking infrastructure.
The first image is about 5G trials conducted by MTS in Russia in association with Ericsson, the Sweden-based telecom equipment maker.
Baburajan K
editor@telecomlead.com