Network sundowns continue to set across the globe, opening opportunities for new eras of connectivity. 2G and 3G are steadily being replaced by LPWAN, 4G LTE and 5G networks, and the latest solutions provide future-proof connectivity at a reduced cost with high bandwidth and high speed.
The rollout of 5G connectivity has become more widespread in 2022, with a 385% increase in 5G customer usage over 3G from 2020; however, 4G will most likely continue to grow the most despite the rollout of 5G, according to a report published by GSMA Intelligence. These two network options support each other by powering significant and seamless connectivity.
To keep up with the influx of data consumption in devices, network connections need to have the capacity to do so, therefore the need for carriers to sunset legacy networks to make room on the spectrum to broadened 4G LTE and 5G. A recent report released by PR Newswire states that 5G and IoT-enabled smart devices are estimated to represent a $1.75 billion global opportunity by 2025. So, where do specific use cases fit in and what kinds of industries can benefit the most from 5G for IoT?
5G for IoT plays a large role in the developing technologies in the industrial and manufacturing industry. For example, 91 percent of manufacturers indicate “speed of 5G deployment will have a positive impact on their ability to compete globally.” Machine improvements, productivity gains, cost savings, and increased visibility on equipment are just a few ways 5G is impacting the Industrial IoT (IIoT) market.
Healthcare devices are becoming more connected than ever with the emergence of 5G. One noteworthy example is the use of telehealth. Telehealth connects healthcare providers with their patients virtually, reducing or eliminating the need for on-site visits. IoT in clinical trials can bring many benefits to the table when analysing data collection, patient engagement, and patient recruitment. Similarly, IoT-connected devices also help power real-time remote monitoring – and due to its lower latency and higher capacity, 5G technology is well-suited.
When managing a complex supply chain system, it’s crucial to have accurate and high visibility throughout the entire process. Hurdles in production may include delayed shipments, inaccurate inventory, and inefficient warehouse operations. Enhancing visibility can help organisations protect and preserve the assets that matter the most. 5G offers smart inventory and warehouse management and resilient fleet solutions. 5G, in addition to its benefits of speed, latency, and bandwidth, also offer at opportunity for organisation to deploy 5G networks. In a research report published by Accedian, it is estimated that by 2024, 92 percent of enterprises in the logistics, fleet, and supply chain management sector plan to deploy private 5G networks.
Overall, the 5G era is rapidly growing and being emersed into different verticals across the globe. Harness the power and initiative of 5G and IoT with KORE – we offer solutions that enable a seamless transition to 5G to best fit your business needs. 5G and 4G LTE networks create future-forward connectivity. To learn more about simplifying your connectivity needs and how 5G will impact IoT in the next decade, download our eBook, “The Future of IoT: Adoption of AI and 5G.”
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