Leading 5G Applications and Services Markets, 2018-2023 - Focus on Enterprise and Industrial IoT, Enhanced Mobile Services, and Ultra-Reliable and Low-Latency Communication - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 30, 2018--The “Leading 5G Applications and Services for Enterprise and Industrial IoT, Enhanced Mobile Services, and Ultra-Reliable and Low-Latency Communication 2018 - 2023” report has been added to ResearchAndMarkets.com’s offering
Fifth Generation (5G) cellular networks are poised to provide three major benefits: (1) Enhanced Mobile Services, (2) Massively Scalable Internet of Things (IoT) Networks, and (3) Ultra-Reliable and Low-Latency Communication for both mission-critical services (such as public safety and industrial automation) and latency-sensitive consumer services (such as Virtual Reality).
A portion of these benefits will be based on the evolution of fourth generation (4G) Long Term Evolution (LTE) technologies as well as unique capabilities enabled by 5G New Radio (5GNR) based on new infrastructure supporting millimeter wave (mmWave) radio access network (RAN) equipment.
The 5GNR portion supports Ultra-Reliable and Low-Latency Communication (URLLC) for latency-sensitive apps and services for various consumer, enterprise, and industrial use cases. However, mmWave radio frequencies fade considerably as compared to LTE, necessitating the need for at least ten times more antennas than 4G technologies require.
In addition, 5GNR will require 5G smart antennas to optimize coverage, mobility, and minimize the need for hand-over from 5G to 4G RAN. In addition, there Mobile Edge Computing (MEC) will provide optimization for latency-sensitive applications as computing may be provided locally, not requiring back-haul to a centralized cloud, and thus maximizing throughput and preserving 5G enabled latency improvements.
In addition, 5G network slicing enables carriers to support unique network configuration for customer and use-case specific requirements and parameters. 5G network slicing provides the ability to support Quality of Service (QoS) driven capacity allocation and latency limitations based on Quality of Experience (QoE) and other factors. This will enable carriers to support QoS and QoE requirements for 5G enabled services, which will be especially important for some enterprise and industrial customers.
Target Audience:Wireless carriers Application developers ICT infrastructure providers Wireless device manufacturers Systems integration companies
Select Research Findings:Global Cloud Robotics Market will reach $16.1 billion USD by 2023 Certain industries will become early beneficiaries of 5G enabled robotics 5G Network Slicing support of Smart Manufacturing will reach $425.3 billion by 2023 The 5G enabled autonomous robot market is expected to reach $14.6 billion by 2023 North America will lead the 5G enabled autonomous robot market with 41% revenue share Robotics are expected to transform functionality and usefulness across broad range of industries
Select Research Benefits:Comprehensive forecasts for leading 5G applications and services Identify leading 5G applications and services by type, region, and vertical Understand the role of network slicing and edge computing in industrial automation Identify key investment areas for Robotics as a Service and Cloud Robotics Platforms Understand the relationship between Teleoperation, Robotics, and Cloud Computing Learn how Cloud Robotics will become an important growth area for enterprise automation Identify opportunities and outlook by industry vertical for enterprise and industrial segments
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Related Topics:4G and 5G,Mobile Content,Internet of Things and M2M,Mobile Networks
INDUSTRY KEYWORD: TECHNOLOGY NETWORKS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/30/2018 03:49 AM/DISC: 11/30/2018 03:49 AM