The telecom industry is expected to change dramatically in 2019. Some of these changes will lead to further possibilities for growth to businesses operating in this sector such as 5G development, while other changes will present additional challenges such as cyber security threats. It’s important for business managers to be aware of business trends in 2019 that will impact their companies. This article will be addressing the latest changes that are certain to rock the telecom world.
Business Trends 2019: 5G Growth
5G is the latest in terms of cellular mobile communications. It targets a higher system capacity, high data rate, as well as cost reduction and energy saving. 5G technology is targeting reduced latency, making it faster than all of the previous connections such as 4G and 3G. It is estimated that by the end of 2024, 1.5 billion people are going to be using the 5G connection.
Currently, the leaders in the telecommunications industry are reported to be enabling 5G on devices between 2018-2021. Many companies chase the ‘G’s’ in order to increase their revenue growth, however speed is not the only thing that needs to be focused on. This new connection makes it possible for the hardware and software to be detached which means that ad-insertion and cashing are now going to be possible.
The demand in the market for live streaming from mobile devices means that fast and reliable wireless connections are essential. This is where 5G is going to shine in terms of the broadcasting industry, thanks to the wireless technology being faster, more secure, and more reliable. Additionally, the telecommunications industry will benefit from better security and scalability with the new 5G communication.