It is predicted that by 2025, there will be 1.2 billion 5G connections worldwide and cover 34% of the population. Even as the COVID-19 pandemic attempts to drown out the hype surrounding 5G, it remains the most watched tech phenomenon of 2021. 5G will usher in a whole new world of possibilities – opening new doors for companies to innovate products and services, creating new revenue streams and customer bases. This article will discuss how 5G will change certain industries and their business cases.
1. Transportation
5G has already proven to be an advantage for the transportation industry. Smart sensors can monitor road conditions and determine the best time to repair them, as well as detect potholes and alert municipalities to take preventive measures. Cameras will provide real-time insights into traffic flow, allowing pedestrian and vehicular traffic to be diverted safely and efficiently. 5G will accelerate the adoption of autonomous vehicles and allow real-time response to vehicle safety status and automatic control to avoid collisions.
2. Public sector
Compliance with the law is critical to the development of 5G and will be a top concern for the public sector. This is a time when the public sector is aware of the potential impact of 5G, but local governments must understand the technology to take full advantage of it, while complying with national laws. These laws will be triggered because the vast amount of data collected by technology creates the threat of data breaches.
Once the technology becomes available to governments, we can discuss the following use cases: Enhanced mobile broadband that will improve network connection speeds for roles such as law enforcement and postal workers; large-scale machine-type communications for reimagining public works, such as regarding leaks and Real-time information on traffic jams, and efficient resource allocation.
3. Medical care
According to an article in the New England Journal of Medicine, the healthcare industry holds 30% of the world’s data, with the average patient generating approximately 80MB of data per year. There are three main problems affecting the healthcare industry: lack of patient-centered systems; insufficient personalization; and lack of emphasis on data.
Experts believe that 5G’s low latency capabilities, high data collection and large capacity will solve all these problems. As hospitals move to 5G, they will be able to spend less time collecting, transmitting and managing data in real time. They also have the opportunity to provide remote patient care access through which mobile networks can support real-time, high-quality video and enhance their network security through cloud data centers. Additionally, 5G-compatible wearable technology will make it easier for patients and their doctors to communicate remotely.
We can’t wait to see the progress 5G makes in transforming healthcare. The pandemic has put enormous pressure on our paramedic and medical communities, and these frontline workers need our full support.
4. Manufacturing industry
Let’s look at some use cases in industrial operations to understand how 5G technology will transform manufacturing.
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Edge computing will enable real-time insights through faster wireless communications and better reliability.
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High quality live video source for surveillance.
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Remote control of distributed production lines from a central command center.
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A secure and reliable network improves monitoring and alerting systems.
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Remote maintenance and training solutions using high-resolution AR/VR technology.
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5G adoption can extend beyond industrial operations and seamlessly extend throughout the supply chain.
5. Supply chain
In addition to impressive speeds, the 5G technology stack focuses on device density and latency. This is expected to revolutionize the way industry operates, which also extends to disrupting supply chains.
5G can enable automatic marking, tracking and recording of shipments, which will be able to solve problems such as lost cargo, misplaced containers and counterfeiting. In addition, 5G will improve warehouse management by enabling remote maintenance, control and deployment of autonomous vehicles.
5G is the future of supply chain management, providing transparency across channels to ensure control remains in a central control node.
6. Retail
Statista reports that retail revenue will increase to $6.54 trillion by 2022. Retail chains around the world will be transformed with the right connectivity – reliable and fast networks and advanced AR/VR use cases. Warehouses need to have the necessary network capabilities to support the new era of smart applications. So how does 5G help the retail industry?
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5G will enhance the interaction between brands and customers by supporting immersive technologies such as augmented reality and mixed reality.
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In-store enhanced experiences such as magic mirrors and in-person virtual shopping assistance.
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To simplify targeted marketing and enable security measures against fraudulent behavior and transactions, such as facial and object recognition solutions.
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Intelligent and sustainable energy management such as smart lighting to maximize in-store energy utilization.
7. AR/VR
Ericsson reports that AR will account for almost half of all revenue from the immersive video format by 2030. The most exciting thing about AR use cases is the ability to transform existing in-person experiences into digital ones. AR/VR/Mixed Reality offers compelling opportunities for experiences such as concerts, movie premieres, and sporting events. Many tech fans are eager to get their hands on it.
8. Media
According to an Intel report, 5G could generate up to $1.3 trillion in revenue in media and entertainment by 2028. 5G technology opens up new avenues for consumers who want a richer media experience. Smartphones are becoming increasingly popular as viewing devices and control systems for home and industrial networks. How will 5G change entertainment and media?
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Share location-based live and on-demand entertainment experiences such as concerts, sporting events or movie theaters across time zones and continents.
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Accelerate mixed reality, augmented reality and virtual reality to enable immersive content consumer experiences.
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Interactive gaming reimagines mixed reality and introduces mobile cloud gaming.
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Content creators are focusing on increasing brand loyalty and better conversion rates.
9. Future home
Today’s smart home technology is fragmented, and 5G will solve that problem. 5G will provide a seamless experience for all our home technology – including our favorite room temperature, our preferred entertainment kit, education kit, health devices and safety features. The technology stack will not only focus on seamless device coordination but will also enhance data privacy and security from an ethical perspective.
Summarize
5G is key to solving the current challenges faced by these industries and focuses on seamless production. 5G will open new doors for enterprises to innovate services and products, and create new revenue streams and large-scale customer bases. It is clear that ultra-reliable, low-latency is a popular trend in the networking world, which will bring new and unimaginable opportunities to many industries.