The telecommunication industry is vital for facilitating many modern technologies. Ultimately, without high-speed internet, we would not be able to enjoy digital content in real-time. Similarly, the technology allows us to utilize sophisticated IoT devices, industrial machines, and autonomous vehicles.
Companies are spending enormous money on research and development, which has given us access to advanced tech such as Titan.ium’s 5G core solution. In this article, we’ll take a look at some of the biggest trends that are leading to 5G core innovations.
Evolution of 5G Core
The improvements to 5G technology are the main reason why telecommunication companies are so profitable. With these networks, we’re able to utilize a wide variety of machines, whether they’re for industrial or personal use.
It is forecast that 5G networks will handle approximately 80% of total global telecommunication by the year 2030. Users across the world will be able to enjoy ultra-low latency, high reliability, and other perks that 5G provides.
As time goes by, operators are investing more and more money in 5G standalone networks. Unlike non-standalone solutions, these networks don’t rely on legacy infrastructure. While NSA tech does provide its benefits, allowing operators to optimize their transition, standalone networks enable companies to instantly reap the benefits of 5G core.
We can’t forget the fact that 6G networks are closing in. There’s a chance operators will transition to the next-gen tech even before fully building up their 5G infrastructure. The race toward 6G makes sense, as these networks will enable speeds 50 times faster than those of 5G.
Trends Changing 5G Landscape
Without further ado, here are a few trends and technologies that are changing 5G telecommunications:
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Private Networks
Private networks are completely revamping business connectivity. Instead of having to rely on external operators to handle their infrastructure, companies can now create their own in-house solutions.
The great thing about 5G is that it provides unparalleled flexibility. By relying on slicing technology, businesses are able to split physical infrastructure into smaller partitions suitable for different use cases.
Furthermore, with 5G, companies no longer have to spend enormous amounts of money on creating their own private networks. Given that 5G networks are cloud-based technology, you won’t have to invest in hardware. Instead, you’ll get a plug-and-play solution adaptable to your business needs.
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Smart Home and IoT Tech
The need for 5G networks increases with the introduction of new gadgets and machines. While 4G is often praised for its availability in rural areas, it can’t compare with 5G in terms of performance.
Specifically, 5G core is able to maintain a real-time connection regardless of the conditions. It transfers data almost immediately, which is vital for specific machines, such as industrial robots, healthcare equipment, and autonomous vehicles.
Another reason these networks are great is that they can support thousands of devices over a small area. As more and more home appliances get access to the internet, we will need networks that can support all these devices and allow them to communicate with each other.
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Mergers and Acquisitions
While this doesn’t have anything to do with technology, mergers and acquisitions are another trend that has a major impact on the 5G landscape. Many operators are no longer competitive on their own, which is why they’re looking to combine their power with other businesses.
These giants would not only dominate their domestic markets but could also leave a mark on the global scene. A good example of this is the merger of UK Vodafone and Three, resulting in perhaps the most powerful telecommunications brand in the country.
We still need to see the impact of these mergers. Some analysts are skeptical that the consolidation of resources in a few powerful entities will allow for more market manipulation, driving prices up for users. However, mergers might also usher in more technological advancements.
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Agility and Timing
Modern companies must quickly adapt to their market conditions to stay ahead of the pack. They rely on advanced solutions that offer both performance and agility. Speed of deployment, in particular, is a topic that businesses often prioritize when choosing their network providers.
5G relies on Open RAN technology to reduce these deployment times, ensuring shorter time-to-market for businesses. We also can’t forget the impact of AI. With artificial intelligence, operators can give their clients customized services, which will not only reduce companies’ costs but also increase their profits.
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Sustainability
Like all other industries nowadays, telecommunication businesses must take sustainability into account when creating their plans. Operators nowadays invest in renewable sources to power their networks. The focus on sustainability is vital for customers, but it also makes it easier to comply with rigorous ecological laws.
You can also notice the shift toward sustainability in 5G consumer devices. Our smartphones are now made to have the least possible environmental impact. All in all, operators that don’t abide by these practices quickly get shunned by their stakeholders and clients.
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Content Partnerships
Besides combining their resources with other telecom businesses, operators are also considering partnerships with streamlining platforms. The primary reason for this is to integrate two services and offer a discount to users, all while increasing sales.
Perhaps the best example of this is the partnership between HBO and AT&T. When you sign a contract with AT&T, you’ll also get a discounted subscription to HBO, which enhances the provider’s value proposition.
Another example of content partnership can be seen between internet providers and gaming companies. Given that a lot of folks nowadays use the internet to play video games (among other things), this type of offer makes sense. You can see more and more companies bundling cloud gaming platforms into their monthly service.
Last Thoughts
The telecom industry is at the forefront of technological innovation. Many modern devices and machines rely on the real-time data transfer that these networks provide, as well as their high reliability in different situations. As more people start buying IoT devices and autonomous vehicles, the benefits of the 5G core will become even more apparent.
PHD in Economics, Associate Professor, Department of Business Process Management, Faculty of Market Technologies IOM