Iraqi PM’s financial advisor: the dollar crisis will end soon
“As a key enabler of digital transformation, 5G Leads the Stride and opens up a world of new opportunities”
[Bangkok, Thailand, October 26, 2022] The Global Mobile Broadband Forum 2022 hosted by Huawei and organized together with its industry partners GSMA and GTI Kicked off today. The annual event gathers mobile network carriers, vertical industry leaders, and ecosystem partners from around the world to discuss how to make 5G a commercial success, as well as other high-priority industry topics like green development, intelligence, and 5G evolution.
At the event opening keynote, Huawei Rotating Chairman, Ken Hu said: “5G has grown faster than any previous generation of mobile technology. In just three years, we’ve seen solid progress in network deployment, consumer services, and industry applications.
“5G is in the fast lane,” he continued, “and we should all be proud of the progress we’ve made. But there’s more we can do to maximize its value. We need to work together to fully unleash the power of 5G networks and expand into services like cloud and system integration. Together, we can drive leapfrog development in 5G networks, applications, and the industry as a whole.”
As of October 2022, more than 230 carriers around the world have launched commercial 5G services. In total, the industry has set up over three million 5G base stations, serving more than 700 million subscribers.
In telecoms, consumer services still account for the bulk of carrier revenue. As 5G becomes more prevalent, its vastly superior experience is driving new shifts in consumer behavior, including a sharp rise in high-definition video traffic. New mobile applications that take advantage of 5G’s greater speeds and lower latency have doubled average user data consumption (DOU) and are increasing average revenue per user (ARPU) by 20%–40%, contributing to steady growth in carrier revenue from connectivity.
At the same time, B2B 5G applications are also becoming a new engine for carrier revenue growth, producing considerable value in industries like oil and gas, manufacturing, and transportation.
These applications are not only innovative – they’re generating real commercial value for carriers. In 2021, for example, Chinese carriers brought in over USD500 million in new revenue from more than 3,000 industrial 5G projects. What’s more, these projects also generated 10 times that amount from related data and integrated ICT services.
B2B 5G applications are poised to become the fastest growing revenue stream for carriers. 5G is enabling new service scenarios, applications, and business models, paving the way for unprecedented growth opportunities in the industry.
“To seize these opportunities,” said Hu, “there are a few things we need to do; building out networks for better user experience, driving the development of 5.5G and service innovation to maximize the value of 5G.
To push 5G to the next level, Huawei worked with carriers and industry partners to propose four features for 5.5G, the next evolution of 5G technology: 10 Gbps downlink, 1 Gbps uplink, support for 100 billion connections, and native intelligence.
Industry digitalization is the next wave of global economic development. As a key enabler of digital transformation, 5G opens up a world of new opportunities. But the ICT ecosystem needs to work together to make the most of them.
“If we work together, we can drive leapfrog development in 5G networks, applications, and the industry as a whole,” Hu concluded.
James Chen, President of the Global Sales Dept of Huawei Carrier BG, delivered a keynote entitled “Making Strides Towards 5G Success”. In his speech, Chen described how 5G is driving industry development in many aspects. Compared with 4G, 5G networks are 10-times faster, delivering speeds greater than 1 Gbps. 5G users also consume two times more data than 4G users – more than 20 GB per month – and that amount is expected to keep growing. This creates huge opportunities for carriers in three areas: user experience, IoT, and industrial digitalization.
Despite these opportunities, 5G rollout is still inconsistent across different countries. Right now, 5G coverage is only available for 29% of the global population – much lower than 4G, which covers 92%. According to Chen, to fully unlock the value of 5G and make it a commercial success, it is necessary to accelerate 5G network deployment, and make the most of “every band, every hertz, and every watt.
At the end of his speech, Chen said, “5G is changing the mobile landscape, but this is just the beginning. Huawei will continue to innovate in technologies to maximize the value of each band, hertz, and watt, help global customers build 5G networks with the best experience, optimal energy efficiency, and highest efficiency, and continuously create value for customers. Together, we can make 5G a commercial success.”