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What will 5G mean for communication service providers?

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The introduction of 5G will make it possible for communications service providers to improve their business in various ways. Just as 4G shook up the landscape, whereby data packages became more important than voice and SMS packages, 5G brings opportunities for communications service providers to offer new services. 5G will also improve cost-efficiency. Economic study of enhanced mobile broadband shows that evolution to 5G will enable 10 times lower cost per gigabyte than current 4G networks.

Meanwhile, Fixed Wireless Access (FWA) can provide connectivity for households and businesses. FWA the investment payback time is under two years when connecting underserved suburban households on the existing mobile wireless network.

5G also presents an opportunity for operators to tap into revenue streams emerging from the digitalization of industries. Enabling new use cases, new services new business models and new eco-system, service providers can benefit from up to USD 619 billion market opportunity globally in 2026. In other words, this represents the chance to add up to 36 percent growth in revenues across this period. 

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