Market Trends/Business Oppotunities
Over the past few years, leading companies have been changing the way they conduct business. Companies are looking for a way to be innovative and keep up with the fast-paced nature of the technology industry. Cloud computing adoption has gone through a significant increase lately which also ends up being advantageous in companies working towards 5G implementation. Unsurprisingly, it is expected that the technology industry will be majorly disrupted with the introduction of 5G. The following graphic illustrates the new opportunities and revenue streams that will be created by 5G. It shows that there are several various industries that will be impacted by and can benefit from 5G implementation. These industries are a few of many that will experience financial gain from implementing 5G processes.
In terms of the geopolitical impact of 5G, there are many reasons why governments are paying attention to this next generation of technology. For instance, 5G’s potential use for military applications and artificial intelligence make it a point of interest to countries focused on advancing their military forces. Despite the fact that such developments are unlikely to be the early uses of 5G technology, many governments are still becoming increasingly involved in decisions related to their deployment.