What Impact Is 5G Set to Have On Southeast Asia?
It is likely that the Asia-Pacific will become the largest 5G region by 2025, with the region’s estimated 675 million 5G connections accounting for more than half of global subscriptions expected by that point.
Despite the initiatives from the early market movers, industry players and analysts generally agree that there is too much hype around 5G and the business case for the technology remains vague. There currently aren’t many clear use cases or applications which can only be supported with 5G.
It is predicted that not until the forthcoming year will the industry have full 5G-compliant standards that cover massive connectivity and lower latency services such as Internet of Things (IoT), critical communication services (e.g. remote surgery, autonomous vehicles, smart grids) and virtual reality.
These factors, together with the fact that compatible 5G-enabled smartphones will not hit the market until next year, have prompted most operators to take a wait-and-see approach before moving forward with 5G investment (Sidebar, “Mobile operators may be losing faith in 5G “).
Introduction of 5G is the larger opportunity given the nascent but inexorable digital transformation of large swathes of advanced – and in some cases emerging economies.