You are here: Home » Companies » News » Telecom
Business Standard

5G adoption growing rapidly across top tech firms: Survey

Nearly 13% of respondents surveyed have already deployed 5G networks

IANS  |  New Delhi 

5G-based revenues to touch $269 billion by 2025

Underlining rapid 5G adoption worldwide, 96 per cent of large technology companies plan to leverage 5G and 83 per cent will have 5G solutions deployed within the next 24 months, a new survey claimed on Thursday.

According to the network solutions provider Ixia, 5G adoption is happening much quicker than predictions and 67 per cent organisations have evaluated or will evaluate 5G technologies in the next 12 months.

"Many industry analysts talk about 5G as if it is far in the future but this study shows that 5G rollout and adoption is ramping much quicker than predictions," said Kalyan Sundhar, Vice President, Mobility and Virtualization Products, Ixia in a statement.

Nearly 13 per cent of respondents surveyed have already deployed 5G networks, while 34 per cent will publicly release 5G solutions in the next 12 months.

The top three reasons driving 5G adoption were flexible and scalable network (59 per cent), customer demand (55 per cent) and market leadership (46 per cent), while the top industries driving the need for 5G technology include telecom, technology and financial services.

"Developers can ensure their networks and applications are ready to take advantage of the speed and increased device connectivity promised by 5G," added Sundhar.

The survey also noted that over 45 per cent of the organisations are driven by first-to-market pressures to secure and satisfy customers, but lack of resources, expertise and standards are hindering their developments.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, September 21 2017. 17:43 IST