Rollout of 5G services could boost annual revenues of Philippines telecom operators by as much as 650 million dollars starting 2025, according to a new study commissioned by Cisco, a global technology leader.
The study, conducted by management consulting firm Kearney, highlights that 5G promises speeds up to 50 times faster, 10 times more responsiveness, and much lower power connectivity than 4G. This will be driven by a combination of three distinctive features — high throughput, ultra-low latency, and low power connectivity.
Speed, low latency, and enhanced connectivity will help telecom operators provide super-fast Internet connections that enable streaming of high-definition videos, cloud gaming and delivery of interactive augmented and virtual reality (AR/VR)-powered content to consumers. It will also help to fast-track the commercialization of several advanced use cases of 5G, including smart cities, Industry 4.0, large-scale Internet of Things (IoT) deployments, and more. This will enable telecom operators to increase revenues both from consumers as well as enterprise clients.
Titled, 5G in ASEAN: Reigniting growth in enterprise and consumer markets, the study states that initial growth of 5G adoption is expected to come from high-value customers and high-value devices, and subscriptions will start to scale as devices become more affordable.
As a result, the study expects 5G penetration to be around 25 to 40 percent in major countries in the region by 2025, with Philippines seeing nearly 15 percent penetration. The total number of 5G subscriptions in ASEAN is forecast to exceed 200 million in 2025.
Naveen Menon, President ASEAN at Cisco, said: “The expected rollout of 5G services comes at a perfect time for telecom operators. The usage of cellular data is growing rapidly as users consume increasing amount of services and content on their personal devices. At the same time, enterprises are looking to leverage the Fourth Industrial Revolution (4IR), which is underpinned by Artificial Intelligence, IoT, 3D Printing, Advanced Robotics and Wearables, to boost growth. The successful adoption of these technologies is largely dependent on the underlying connectivity. This provides a huge opportunity for telecom operators to increase their presence in the enterprise market and sustain their long-term growth.”
To read the rest of the article, please use this link: https://technology.mb.com.ph/2020/03/06/5g-rollout-could-boost-annual-revenues-of-philippines-telecom-operators-by-650-million-dollars/
6 March 2020