As shown in Figure 1, we have developed a 5G economics model that combines Ericsson's best . Cinema -10% 0% 10% 20% 30% 40% Source: PwC Global Entertainment & Media Outlook 2020-2024 (Data consumption is not included in this chart) Our research shows that India will be the fastest-growing entertainment and media market globally in terms of pure consumer revenue. Robust 5G networks that provide better data speeds, increased device density, and improved latency will constitute Phase 1. Use of 5G will significantly enhance the outcome 3. The "5G Device Market by Form Factor, Use Case, Device Type (Mobility and CPE), Sector (Consumer, Enterprise, Industrial, Government) and Frequency Bands 2022-2027" report has been added to . Overview Of 5G and Virtual Reality Market. The report cites 2025 as a 5G Tipping Point for M&E Revenue. Augmented reality (AR) and virtual reality (VR) are expected to create new opportunities for service providers . The "5G Economics of Entertainment Report" forecasts that 5G will accelerate content consumption, including mobile media, mobile advertising, home broadband and TV, and improve experiences across a broad range of new immersive and interactive technologies - unleashing the full potential of augmented reality (AR), virtual reality (VR) and . The economic impacts of mmWave spectrum are quantified over a 15-year period, 2020-2034, assuming mmWave bands are successfully identified at WRC-19 and made available in a timely manner at the national level. And especially with the new fifth-generation wireless network technology5Gpending, new p The exclusive research report on the Global 5G Core Network (5GC) Market 2022-2028 examines the market in detail along with focusing on significant market dynamics for the key players operating in . In accordance with the Secure 5G and Beyond Act of 2020, the Executive Branch has developed a comprehensive implementation plan. The research company Ovum estimated in the report entitled "5G Economics of Entertainment", that in the years 2019-2028 the media and entertainment industry will obtain USD1.3 trillion . Experiences enabled by 5G networks will account for nearly half of this revenue . This is one part of the economics of Jio's strategy that allows it to remain the most competitive player in the market, in spite of its recent 5G spectrum purchase bill that was twice what . Why 2025 is the 5G Tipping Point: The report says that as early as 2025, 57 . According to the #5G Economics of Entertainment report, "Media and entertainment 'experiences' enabled by 5G will generate up to $1.3 trillion in Shared by Daniel Goldberg View Daniel's . By 2035, 5G will enable more than $2.4 trillion in total economic output across the automotive sector, its . for 5G. Within a decade, the global media industry stands to gain $1.3 trillion from 5G, according to the "5G Economics of Entertainment Report" commissioned by Intel and conducted by Ovum. The authors of the report estimate that 5G technology will add 0.2 percentage points on average to annual global economic growth in the years 2020-2035. . The '5G Economics of Entertainment Report' predicts that the monthly traffic per 5G subscriber will rocket from 11.7GB in 2019 to 84.8GB in 2028. How Media Demand Drives Network Evolution: The "5G Economics of Entertainment Report" forecasts that 5G will accelerate content consumption, including mobile media, mobile advertising, home broadband and TV, and improve experiences across a broad range of new immersive and interactive technologies - unleashing the full potential of Source: intel. This report, which offers an independent assessment of the importance of the 5G technology to the global . What's New: According to the newly released "5G Economics of Entertainment Report" commissioned by Intel and conducted by Ovum, it is forecast that over the next decade (2019-2028) media and entertainment companies will be competing to win a share of a near $3 trillion cumulative wireless revenue opportunity.Experiences enabled by 5G networks will account for nearly half of this revenue . What's New: According to the newly released "5G Economics of Entertainment Report" commissioned by Intel and conducted by Ovum, it is forecast that over the next decade (2019-2028) media and entertainment companies will be competing to win a share of a near $3 trillion cumulative wireless revenue opportunity. Leveraging our experience in 5G economics, strategy and deployments, this paper considers economics for pure-play deployment scenariosmobile broadband . Nearly half ($1.3 trillion) the experiences will be accounted for by 5G networks, according to the "5G Economics of Entertainment Report" conducted by Ovum for Intel. The impact of 5G on media and entertainment. network slicing, edge computing and low-latency services) 5G Economics: An Economics Based Analysis of the Future of Wireless Networks Report this post Chetan Sharma Chetan Sharma Wireless Industry Expert: Technology & Strategy, IP Expert, Author, Board . 2. The report forecasts that over the next decade (2019-2028), media and entertainment companies will be competing to win a share of a near $3 Most consumers, already paying a lot for their cell phones and plans, aren't seeing any strong reason to pay extra for 5G. 5G mmWave Cost Economics. A study by Ovum commissioned by Intel, 5G Economics of Entertainment Report, forecasts that between 2019 and 2028 the experiences enabled by 5G networks will provide revenue opportunities close to USD 1.3 trillion. In 2016, mobile technologies and services generated 4.4 percent of GDP globally, equating to about $3.3 trillion in economic value. Read the part 1 of 5G mmWave: Ecosystem, Economics Becoming Attractive here.. 5G ecosystem is thriving. Accelerating Industrial Automation in Manufacturing. Current Stories The report highlights several new experiences 5G will Enterprises: While speed gains are a well-recognised benefit of 5G, other improvements (e.g. Experiences enabled by 5G networks will account for nearly half of this revenue opportunity (close to $1.3 trillion). Fill out the form to the right to get the whitepaper: The Economics of 5G mmWave. With every generation, the biggest question CSPs look at is the returns on the investments for new generation network infrastructure CAPEX, cost of spectrum, and the OPEX to maintain and run the network. According to industry projections, 5G applications in manufacturing will add USD 134 billion to the global GDP by 2030. Outlook is Impressive Across the Value Chain. Experiences enabled by 5G networks will account for nearly half of this revenue opportunity (close . Within a decade, the global media industry stands to gain $1.3 trillion from 5G, according to the "5G Economics of Entertainment Report" commissioned by Intel and conducted by Ovum. Our economic modeling analysis shows the impact of 5G on the US economy from 2021-2025 in several ways: 5G has the potential to create or transform up to 16 million jobs* across all sectors of the economy, which includes full-time, part-time and temporary jobs*. The number of operators rolling out 5G networks, increasing penetration of 5G chipset-based devices and growing attach rate to 5G data plans, all have come together to give 5G a faster adoption rate than 4G. That leaves telcos with a huge economic issue: how to pay for . The 5G economy is likely to grow in three distinct phases. More Context:The consumer survey is part of the "5G Economics of Entertainment Report," conducted by Ovum and sponsored by Intel, which measured the market and impact of 5G in media and entertainment. 2015: Announcement of the Vision for the World's First 5G These networks will serve as the backbone of future economic growth. Beyond the technology alone, our research sheds light on business and strategy issues for these specific verticals, including productivity, ROI . Latest Update: This has brought along several changes this report also covers the impact of Current COVID-19 situation. The 5G and Virtual Reality Market analysis summary by Reports Insights is a thorough study of the current trends leading to this vertical trend in various regions. While 5G provides even faster speeds, better security, and significantly more reliability, it's not offering new capabilities for consumers the way 4G did. The Economics of 5G mmWave. Responsive Ed Economics 3 Intel Study Finds 5G will Drive 1 3 Trillion in New October 11th, 2018 - What's New According to the newly released "5G Economics of Entertainment Report" commissioned by Intel and conducted by Ovum it is forecast that over the next decade 2019 2028 media and entertainment The AR and VR industry is anticipated to create more than $140 billion in cumulative revenues between 2021 and 2028 - and it's potential capabilities are . 2G, 3G, 4G ROI was largely dependent on the availability of mobile . 5G-enabled sales represents the gross output or total sales from economic activity enabled by 5G. More Context:The consumer survey is part of the "5G Economics of Entertainment Report," conducted by Ovum and sponsored by Intel, which measured the market and impact of 5G in media and entertainment. For more information, visit the Intel 5G microsite . Over the next five years, the outlook remains highly positive for digital . Media and entertainment could be one of the sectors to benefit the most from 5G. According to the newly-released 5G Economics of Entertainment Report commissioned by Intel and conducted by Ovum, it is forecast that over the next decade (2019-2028) media and entertainment companies will be competing to win a share of a near $3 trillion cumulative wireless revenue opportunity. According to a new "5G Economics of Entertainment Report," commissioned by Intel and conducted by Ovum, nearly $3 trillion in cumulative revenue opportunities will be spurred by wireless technology from 2019-2028 and experiences enabled by 5G networks will account for nearly half of it (close to $1.3 trillion). Citing the 5G Economics of Entertainment Report - which was commissioned by Intel and carried out by Ovum - Kho said 5G will unlock the potential of augmented reality (AR) and VR which is . Close to 200 operators across 75+ countries have gone live with 5G networks within . Our economic modeling analysis shows the impact of 5G on the US economy from 2021-2025 in several ways: 5G has the potential to create or transform up to 16 million jobs* across all sectors of the economy, which includes full-time, part-time and temporary jobs*. This has been estimated to grow to over $4.2 trillion by 2020, or 4.9 percent of global GDP, as faster mobile connectivity continues . Exclusive 5G use case KT is taking the lead in providing new technologies and services based on 5G's ultra high speed, ultra low latency and hyperconnectivity, thereby creating socio-economic value for the general public. According to the report, 57 percent of global . What's New: According to the newly released "5G Economics of Entertainment Report" commissioned by Intel (News - Alert) and conducted by Ovum, it is forecast that over the next decade (2019-2028) media and entertainment companies will be competing to win a share of a near $3 trillion cumulative wireless revenue opportunity.Experiences enabled by 5G networks will account for nearly half of this . They will also need to diversify their revenue streams (into areas such as pay TV, media/entertainment, advertising and IoT) to seek growth beyond core telecoms services. According to the newly released "5G Economics of Entertainment Report" commissioned by Intel and conducted by Ovum, 5G-enabled applications and services will drive up the revenue of M&E industry to $1.3T by 2028. The "5G Economics of Entertainment Report" forecasts that 5G will accelerate content consumption, including mobile media, mobile advertising, home broadband and TV, and improve experiences . Looking at the economics of the industry's value chain and of consumer behavior, we can predict that 5G will lead to major content innovation, a move to live-streaming, and a come back of downloading. demands of the 5G era. highlights the vast potential of the rollout of 5G (the fifth-generation mobile network) for individuals, families and society as a whole. According to a new 5G Economics of Entertainment Report, commissioned by Intel and conducted by Ovum, nearly $3 trillion in cumulative revenue opportunities will be spurred by wireless technology from 2019-2028 and experiences enabled by 5G networks will account for nearly half of it (close to $1.3 trillion). trillion in economic output and 22.3 million jobs by 2035 in the global 5G value chain alone.2 This will translate into global economic value across industries of $13.2 trillion, with manufacturing representing over a third of that output; information and communications, wholesale and retail, public services and construction will account for The results of this study support three key findings: 5G is expected to provide important economic benefits globally, The Three Phases of 5G Growth. Because 5G networks use radio frequencies that require a large increase in the number of cells and therefore the number of RANs, a new set of policies and standards collectively known as Open RAN has emerged to standardize the design. This is according to a new report from Intel which projects revenues of $1.3 trillion for the industry by 2028. This compares to $32.4 billion for 5G video and the . In addition, this . At first, 5G will contribute to economic activity directly through network infrastructure deployment. The countries that stand to benefit are those that create, embrace, and deploy 5G technology most swiftly. The larger addressable market of 5G when compared to 4G will also have a positive impact on employment. Intel Study Finds 5G will Drive $1.3 Trillion in New Revenues in Media and Entertainment Industry by 2028. This report focusses on one element of this in particular, the potential productivity gains, to show how the benefits of 5G could be felt across every region and nation of the UK in the years to 2030. A report from Deloitte Access Economics has warned part of the potential $94 billion boost to Australia's GDP over the next nine years from 5G technology is at risk from delayed business . Internet technologies have resulted in a proliferation of streaming video platforms, offering consumers an alternative to broadcast and cable TV and posing a major threat to those traditional industries. (See Exhibit 1.) Fully considering the economic change by this health crisis, Hardware accounting for % of the 5G in Media and Entertainment global market in 2021, is projected to value USD million by 2028 . The 5G Economics of Entertainment Report says that next generation connectivity is expected to accelerate content consumption - including mobile media, mobile advertising, home broadband and TV - and unlock the . Qualcomm on Wednesday is publishing a report that attempts to quantify that impact. Our research estimates that over the next decade, 5G deployment will contribute $1.4 trillion to $1.7 trillion to US GDP, and create 3.8 million to 4.6 million jobs. This amounts to a total estimated economic benefit of $13.2 trillion across all industries. It's also estimated . 5G is set to have a profound effect on countries' economic performance and GDP. technological promise of 5G, while continuing to safeguard our economy and national security and ensuring continued access to 5G networks, with lawful authorization, for critical government functions. If mmWave is added on top of an existing 3.5 GHz-based mid-band 5G service, the situation improves quite a bit, though it still requires about 30%, or even higher, market share (that is . By this time, video is expected to account for 90 per cent of all 5G traffic. In its analysis of the impact of 5G on work, Omdia finds that 5G could enhance the jobs of up to a fifth of the workforce, most notably those in The global 5G value chain is expected to generate $3.6 trillion in economic output and support 22.3 million jobs by 2035. What's New: According to the newly released "5G Economics of Entertainment Report" commissioned by Intel and conducted by Ovum, it is forecast that over the next decade (2019-2028) media and . The "5G Economics of Entertainment Report," commissioned by Intel and conducted by Ovum, forecasts that 5G will disrupt the industry on many levels with shifts in business models and the emergence of immersive interactive experiences. Get the latest Pittsburgh local news, breaking news, sports, entertainment, weather and traffic, as well as national and international news, from the Pulitzer Prize-winning staff of the Pittsburgh Post-Gazette. Ericsson's 5G Strategy and Economics team has delivered over 70 engagements globally in recent years, helping service providers and investors to understand and optimize the economics and go-to-market strategy of next-generation wireless networks. Media and entertainment companies will generate revenue of $1.3tn (1tn) from experiences enabled by 5G networks within the next decade, according to a report by Intel and Ovum.. News. The '5G Economics of Entertainment Report' predicts that the monthly traffic per 5G subscriber will rocket from 11.7GB in 2019 to 84.8GB in 2028. Perhaps the first thing that comes to mind when considering the future of entertainment is augmented reality (AR) and virtual reality (VR). RAN hardware has been extremely expensive and available only from a small number of vendors. This report strives to provide a clear statement as to the real, current status of 5G deployment and likely future deployment, including an objective review of the economics associated with 5G. SANTA CLARA, Calif. What's New: According to the newly released "5G Economics of Entertainment Report" commissioned by Intel and conducted by Ovum, it is forecast that over the next decade (2019-2028) media and entertainment companies will be competing to win a share of a near . 5G Markets Coverage. In this report, we examine the economic benefit driven by 5G. Nearly half ($1.3 trillion) the experiences will be accounted for by 5G networks, according to the "5G Economics of Entertainment Report." Toggle navigation. In this instance, by 2028 the report predicts 5G gaming will account for $78 billion of the overall $122 billion that comes from mobile media. The report forecasts that over the next decade (2019-2028), media and entertainment companies will be competing to win a share of a near $3 . in Figure 1, the Ericsson Mobility Report 1 projects traffic in North America will grow from 11.1 gigabytes (GB) per subscriber per month in 2020 to 45.5 GB per Published: October 12, 2018. This study by GSMA Intelligence assesses the total cost of ownership and finds how mmWave is a cost-effective and competitive deployment strategy across different countries and deployment scenarios. The economic contribution of 5G 20 Global output: The $13.2 trillion global opportunity 20 The 5G value chain in 2035: $3.6 trillion in output and 22.3 million jobs 23 ABI Research's 5G Markets service covers enterprise vertical use cases and how 5G will be implemented in these markets, and what key pain points the technology will address. In this report, we examine the economic benefit driven by 5G. By this time, video is expected to account for 90 percent of all 5G traffic, the upcoming transformation of entertainment and content will quickly begin as lightning-fast data speeds, massive . But as 5G networks continue to roll out and improve, an even greater wave of .