Roadmap of 5G Infra: The Reasons that Led to the Emergence of Ultra-Fast 5G Networks
Posted: Mar 30, 2020
Various industries such as automotive, manufacturing, and construction, have seen significant technological evolution, in terms of safety measures, connectivity, cost reduction, and convenience of users. In particular, the Internet of Things (IoT) and the acceptance of connected ecosystems have revolutionized industries such as automotive, infrastructure, agriculture, healthcare, and electronics, and semiconductor. IoT involves the extraction and analysis of digital data from the physical world. To hold a significant share in the IoT space, various new technologies, such as 5G network, NB-IoT, LTE Cat1, and Cat NB, among others, are currently being introduced and adopted by different stakeholders.
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The process of the evolution of communication networks has proven to be an essential part of the network technology ecosystem. The changing paradigm of the consumer as well as the enterprise market, the requirement of higher bandwidth, increasing data traffic across industries, coupled with congestion in networks, are some of the factors substantiating the need for network evolution. This leads to the advent of the 5G networks in order to cater to the growing needs for speed, reliability, and low latency.
The global 5G infrastructure market, as a whole, is growing at an exponential rate and is expected to reach a substantial level by 2025. There is a huge demand emerging from the enterprise sector for the ultra-fast 5G networks. The global 5G infrastructure market is witnessing a pattern of transition due to the increasing market demand of lower latency in various application sectors such as automotive, energy and utilities, industrial, and healthcare, among others.
The automotive industry is expected to be the second-largest market with consumer electronics as the frontrunner in the global 5G infrastructure market in 2020. The technology network evolution (from 3G to 5G) has accelerated the Machine to Machine (M2M) communication by providing low latency and fast networks. Moreover, factors such as the advancement in smartphone technology, the growing importance of connectivity and safety, and high-speed internet connectivity, have significantly transformed the automotive telematics industry. Original equipment manufacturers (OEMs) are increasingly incorporating connected services in all the vehicle categories, owing to their multiple benefits, thereby driving the adoption of automotive telematics that use SIM cards to connect the devices over the network. With its ability to convert vehicles into information stations, telematics technology has contributed making the lives of the users more convenient and safer than earlier.
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The consortiums on connected cars, automotive associations, and regulatory bodies have a significant role to play since the future growth of this market largely depends on the regulatory framework of the automotive as well as the consumer electronics industry. A significant part of the population is still unaware of the advantages and benefits of SIM and eSIM technology in terms of the safety and security of the passenger and the vehicle. Some of the prominent operational consortiums are the Car Connectivity Consortium, Car 2 Car Communication Consortium, and the Cyber Security for Connected Vehicles (CVV) Consortium.
The harmonized spectrum allocation, coupled with the device availability, is one of the pressing matters to be looked upon in the current scenario. Harmonized allocation of frequencies provides an added advantage since it reduces radio interference across borders and facilitates interoperability and international roaming, among others. The effort to cater to the above matter, along with the growing application across various verticals, is one of the major drivers for the global 5G infrastructure market. The increasing number of smartphones, computers, laptops, and other connected devices provides an immense need for developing advance network solutions. Owing to the integration of industry 4.0 and IoT, most of the devices, equipment, machinery, and autonomous vehicle, among others, are interconnected and hence require network solutions with high speed and large network coverage.
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