With Industrie 4.0 already upon us, technological innovation has accelerated the growth of networking and connectivity- across the globe.
5G is the newest connectivity generation to make its mark on enterprise networking. With its higher system capacity, reduced latency, cost reductions, etc. it will have a huge impact on the digital technologies that are driving transformation in the enterprise. However, IoT is one of the cornerstones of digital drive, and here is where 5G may have its biggest impact.
It has enabled a robust digital strategy, a lethal combination of 5G and IoT is allowing enterprises to plan with extreme flexibility for an agile ecosystem.
Moving forward, the IoT-5G technology partnership will unleash the power of digitalization. 5G assures the higher ultra-reliable and bandwidth, low-latency communication is required for the next-gen of IoT devices – to drive the digital transformation of transportation, business processes, smart cities, and more. As Paul Bevan, Research director for IT Infrastructure at Bloor has reported having stated to TechRepublic, “Deployment of full 5G is some way away yet…We are likely to see a rolling deployment of some 5G capabilities from 2020 onwards.”
Researchers predict the investment in IoT devices will be doubled within the next five years. This explosion in IoT devices will need a much higher level of security and agility. According to KPMG, 5G offers a higher level of data security compared to any existing telecommunications infrastructure.
Undoubtedly, this vision has moved the plan closer to the reality of the 5G technology and IoT system integration in transformation strategies. A recent report from Juniper Research, titled “5G Networks in IoT: Sector Analysis & Impact Assessment 2020-2025”, shows some interesting insights around the IoT-5G partnership. The study found that total operator-billed revenue from the 5G IoT connections is expected to touch $8 billion by 2024, increasing from $525 million in 2020, an almost 15 fold increase. The report also stated that smart cities and automotive sectors are the key growth drivers for 5G adoption for the period.
Andrew Knighton, the author of this stated, “Management tools for the newly-enabled services are key for users managing large scale deployments. We believe that only 5% of 5G connections will be attributable to the IoT, but as these are newly enabled connections, operators must view them as essential to securing a return on their 5G investment”.
Today, more companies across different industries are aiming to seize IoT-5G opportunities. With connectivity at the core of the industry transformation, 5G has a crucial role to play – not just for the evolution of communication, but also for the growth of businesses operations that are increasingly becoming remote, but more demanding of agility and speed, not to mention security.