5G is the 5th generation of wireless technology that brings many more opportunities in the telecom sector. 5G drives the largest business opportunities and empowers Ultra-Reliable Low-Latency Communications (URLLC), Millimeter-band radios (mmWave) with lightning-quick speed, mMTC, Massive Multiple-Input Multiple-Output (MIMO).
Investment in 5G networks is opening several prospects in terms of operating autonomous vehicles / autonomous driving, connected industrial equipment to virtual reality, Internet of Things (IoT), thus, 5G will help reduce the carbon footprint of networks and address the digital divide. How will all these things be possible through 5G? The wireless 5G networks offer faster speeds (10x to 100x faster) with 10x low latency creating possibilities for use cases mobility technology, lower latency, etc. Mobile network operators (MNOs) can avail several use cases and allied opportunities when they invest in 5G technology infrastructure.
According to Singtel, 5G’s ROI market is projected to reach $320.1 billion by 2026. 5G's capabilities create new monetization pathways for CSPs including MNOs and enterprises - 5G is set to transform industries and restructure business models. For example, the private 5G networks’ market segment will reach $109 billion by 2030, especially in enterprise industry fragments as the report of ABI research states.
There is no doubt that 5G is the most powerful network that will rule as a strategic weapon for both economic and security initiatives in the future. Yes, 5G is making many more opportunities for MNOs along with creating ways for themselves in terms of acquiring customers, suppliers, and partners at a time. So, when the 5G network is rolling out across the globe, stable network connectivity with good 5G/4G coverage, higher speed, and greater capacity are the crucial areas to take care of. Here comes mobile network testing and monitoring solution with RantCell as many of our customers are already using it for network monitoring and measurement needs. This tool is useful in providing QoE on mobile networks, thereby providing improved network solutions to the end-users.