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Businesses Identify 5G Connectivity as Essential for Digital Transformation
- 5G connectivity is set to reshape industries by enabling a plethora of connectivity opportunities from enhanced mobile broadband to ultra-reliable low-latency communications.
- There were 1.6 billion 5G connections at the end of 2023, with projections soaring to 5.5 billion by 2030.
- 261 operators across 101 countries have launched commercial 5G services. United States, China, South Korea, Germany, and United Kingdom are leading in embracing 5G.
- Over 50% of operators are planning to implement 5G-Advanced as soon as it becomes commercially available, with 10.7 billion IoT connections reported.
- Mobile data traffic is predicted to quadruple by 2030, with average mobile data usage per connection expected to soar to 47.9 GB.
- 56% of operators are currently testing GenAI applications, which could revolutionize customer interaction and content generation.
- 47 operator groups representing 239 networks have committed to providing network APIs, with a total of 94 APIs accessible to enterprise developers globally.
- 5G technology isn’t just about faster connections; it's about new business models and revenue streams. BCE (Billing and Charging Evolution) standards are emerging to optimize billing processes and maximize returns on 5G investments.
- The 5G Future Summit promises discussions on critical themes such as 5G monetization strategies, the significance of 5G SA and 5G Advanced, and the integration of edge computing into future operations.
- Embracing 5G technology isn’t just about keeping pace; it’s about positioning ourselves for a future rich with possibilities, a seismic shift in connectivity that promises to enhance our daily experiences and elevate efficiencies in sectors ranging from agriculture to healthcare.
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