5G to bring $1.4 trillion opportunity

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Analysts reported that the #5G CPE device market alone will reach $177 billion by 2028 and the total number of 5G devices shipped will reach 1.8 billion by 2028. Integration of 5G technologies with IoT systems will be a key 5G device market driver.

A prediction reveals that the combined economic impact of 5G will be more than $1.4 trillion by 2030. The top impacted countries will be the United States, China, Japan, Germany, and the UK.

The US alone will be $525 billion with China representing the second most impacted country at $220 billion. Japan, Germany, and the UK will share $76 billion, $65 billion, and $54 billion respectively. Much of this impact will be directly or indirectly related to the success of the 5G device market.

5G will support many different form factors including handhelds, hotspots, indoor and outdoor customer premises, IoT modules, USM terminals, dongles and adapters, home appliances, and others.

This 5G device market report is broadly segmented by 5G mobility (non-CPE) and 5G CPE devices. It is also segmented by frequency range including low-band, mid-band, and milli-meter wave frequencies.

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5G to bring $1.4 tril.

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    Analysts reported that the #5G CPE device market alone will reach $177 billion by 2028 and the total number of 5G devices shipped will reach 1.8 billion by 2028. Integration of 5G technologies with IoT systems will be a key 5G device market driver.

    A prediction reveals that the combined economic impact of 5G will be more than $1.4 trillion by 2030. The top impacted countries will be the United States, China, Japan, Germany, and the UK.

    The US alone will be $525 billion with China representing the second most impacted country at $220 billion. Japan, Germany, and the UK will share $76 billion, $65 billion, and $54 billion respectively. Much of this impact will be directly or indirectly related to the success of the 5G device market.

    5G will support many different form factors including handhelds, hotspots, indoor and outdoor customer premises, IoT modules, USM terminals, dongles and adapters, home appliances, and others.

    This 5G device market report is broadly segmented by 5G mobility (non-CPE) and 5G CPE devices. It is also segmented by frequency range including low-band, mid-band, and milli-meter wave frequencies.

    Today's Headline in NewsHours
    0:00 Intro
    2:07 #FinanceMinister assures commitment to economic reforms amid global challenges
    2:50 HAL-L&T bags Rs 860 crore contract for building 5 PSLV rockets
    3:26 Ashneer Grover condemns RBI’s digital guidelines
    4:03 #CCI approves PayU’s acquisition of BillDesk
    4:35 Liz Truss defeats Rishi Sunak and becomes UK’s next PM

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    While ‘digital lending’ has been a buzz word in recent times, it has no universally articulated (and understood) definition. The lending can be of any shape including personal loans, two-wheeler loans, four wheeler loans, SME finance and home loans. Further it has expanded to consumer loan applications made digitally. Digital lending presents a large opportunity in the Indian context. Fintech startups have been at the forefront of digital loans. Annual digital disbursements 5 years hence would be nearly 5X that of current levels. It is absolutely true that technology and data will emerge as the new power centers in the organization. It is estimated that the total retail loans which could be disbursed digitally in the next 5 years could be over 1 trillion dollars. A report says, retail credit will play a pivotal role in making it a 5 trillion-dollar economy by backing and boosting the consumption levels.



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    India is all set to accelerate the digital penetration in the country as it is ready to adopt #5G. By the end of 2030 there are expected to be 611.97 million #5Gconnections in India. As the Indian market is primed for the launch of 5G—the next generation of mobile broadband—many industries will see an exponential boost. 5G will also drive the need for larger data storage as we head towards a data economy.

    As the app economy has been unlocked by 4G, 5G is poised to unlock higher bandwidth, near real-time responses, the industrial Internet of Things and mission-critical products and applications. Leading to increased economic output and consumer willingness to pay for goods and services, it has the potential to significantly improve productivity, optimize service quality and reduce costs.

    Experts say 5G will inevitably increase the data footprint as enterprises start to work on use cases that will be data intensive. To process large volumes of data, data centers, edge devices and cloud infrastructure will play a crucial role. Therefore, inevitably organizations will need to consider moving to a nimble and sustainable architecture for their data centers or cloud infrastructure.

    Advanced wireless technologies can play a critical part in a company’s ability to link its equipment and devices that are important to an organization’s ability to fully utilize each technology. However, security risks arising from many unprotected network entry points, as well as a lack of backward compatibility with the existing systems and devices are challenges that must be overcome as sophisticated wireless technologies mature.

    Going forward, 5G is set to make an impact almost instantly within the coming five years. For enterprises, it will make the concept of ‘smart factories’ and ‘connected workplaces’ a reality.

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