The next-generation network has been welcomed with open arms by more than half of the population of the developed world, which is familiar with the advantages of 5G. Europe has thus implemented the new technology and launched 5G networks without a hitch, and it is also widely used in the East, especially in China, where 5G is widely accepted.
The deployment of 5G networks is expected to revolutionize medicine, so it is not surprising that global surveys suggest that in the next few years we could have more and more smart hospitals and connected health devices. Thus, Juniper Research expects that by 2026, as many as 7.4 million IoMT (Internet of Medical Things) devices will be deployed.
Seven of the ten manufacturing enterprises said they plan to deploy five or more production tools enabled by the 5G network over the next five years, according to the study conducted by Ericsson in 22 countries at companies with around 145 million employees.
In a joint open letter, the executives of U.S. telecommunications companies Verizon and AT&T rejected the request from the federal government to delay their planned January 5 launch of 5G services for two weeks. The companies did, however, agree not to set up a 5G network near air-ports for a six-month period, but believe it would be irresponsible to delay the development of the global economy due to unfounded fears of the aviation industry.
The rollout of 5G networks will bring about growth in telecom revenue, with most of industries’ revenue coming from next-generation network services. These are the findings of a new study by the reputable analyst house Juniper Research, which predicts that the revenue generated from 5G services will reach $600 billion by 2026, representing 77% of global operator revenue.
The speed of the construction of 5G infrastructure will largely depend on local units and the agility of local authorities to boost investments and provide building permits. Although the digitalization and implementation of the next-generation network is the goal supported by the plans of three line ministries, it will be difficult to realize without the cities’ help.
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