5G network deployments are well underway around the world. According to the GSA there are now 92 live networks in 38 countries as of August 20201. The deployment of 5G services will continue to accelerate in 2020 despite the impact from COVID-19. Some of the most advanced Communication Services Providers (CSPs) in the world are already starting to deploy 5G in Standalone mode in order to reap the full benefits of 5G technology in terms of network features, such as improved speeds and lower latency, as well as new services, such as network slicing.
CSPs are now facing a unique set of challenges as they roll out 5G networks and services, which will require new approaches to network deployment and management. One aspect which is already clear is that there will be a huge increase in data traffic. By 2025, 5G smartphone users are expected to consume 100GB per month, and the Average Revenue Per User has only increased what do computer engineers do. This means that CSPs will rapidly seek out new services to deploy in the 5G era, particularly in the enterprise space.
The enterprise space is progressively seen as a segment where CSPs deploy 5G as a powerful tool to facilitate Digital Transformation. A survey from the TM Forum found that many enterprises are keen to adopt 5G and 71% of manufacturers are willing to pay more for 5G connectivity3. Another survey from the TM Forum found that CSPs believed that enhanced mobile broadband, fixed wireless access and XR will be the most transformative B2C consumer 5G services4. As CSPs are expected to invest over US$858bn on their 5G networks from now until 2025 according to the GSMA5, monetizing these investments will be a key priority going forward. CSPs need to consider how they can provide more benefits to end users by delivering a better user experience, while also creating new business models and revenue streams.
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