The applications of 5G service are ushering in a critical period after its official debut in commercial use, which indicates a higher expectation of 5G coverage and a large-scale application of 5G service across industries, as well as opportunities and challenges for companies who are ready to bring more innovations in 5G industry and compete for a market share.
Previously, business leaders and experts from 5G industries joined together and shared their foresight on the theme “Accelerating 5G Expansion, Exploring Innovative Applications for Industries” at the WISE2024 Leaders Conference. The development officer of ZTE shared how ZTE 5G services pioneered in creating value in various sectors at the panel discussion.
At the conference, ZTE 5G sheds light on the following aspects of the 5G application:
Current applications of 5G technology can be further explored to create economic benefits from differentiated experiences
According to the latest data from China’s Ministry of Industry and Information Technology, there are currently more than 1.6 million 5G base stations in China, serving over a half-billion 5G terminals. Despite this, leading companies in 5G technology like ZTE are simultaneously questioned by various industries on the possible benefits of introducing 5G into commercial use and the necessity of expanding 5G coverage.
Although 5G technology is still in its infancy, its applications, such as ultra-high-definition, and 8K machine vision, are currently becoming increasingly popular and the market has also witnessed how 5G technology could be applied in replacing labor in challenging work conditions. Current applications of 5G technology can be further explored for a better user experience and 5G services would exert their strength in more differentiated scenarios. ZTE 5G, already showing great potential in driving differentiated value from industries, will not be alone on the track.
5G application needs to take both fragmented applications in the short term and economies of scale in the long run into consideration
Currently, the public would focus on questions like how 5G service would be applied in various industries and what are the possible economic returns. These are also concerns for enterprises. The widespread application of ZTE 5G application proves that 5G technology is advantageous in achieving the highest economic value in the following two fields.
This first application is concerned with assisting or replacing labor in performing tasks that require high-skilled technicians like underground mining, V2X communication in autonomous driving, and 8K machine vision for quality control and metallurgy. On the other hand, 5G technology could further benefit telecommunication via eMBB and URLLC such as extending Ultra HD/AR/VR to education, live broadcasting, and tourism.
From a long-term perspective, 5G is expected to be one critical component in the digitalization of businesses, by which an intelligent neural network that enables optimal management and data-driven operations can be constructed. ZTE 5G service is already on its way to consolidating both fragmented applications and large-scale economic profits in common business needs including telecommunication, security, and IoT by removing technology barriers and empowering partners with more underlying capabilities.
5G To-B applications must meet the core needs of businesses while 5G To-C applications are directed to offering a differentiated user experience
In this conference, it is agreed that suppliers of 5G service should direct their application of 5G technology based on the clients they serve. The To-C application of the 5G service should put emphasis on differentiating user experience while the To-B application should continue to focus on serving infrastructure and meeting the rigid demands of industries.
Previously, 5G technology has been applied in the power grid industry to optimize the management and control of clean energy like photovoltaic and wind power through precise timing and lower latency. 5G technology is expected to address the core problems in more industries.
The future development of 5G technology calls for cooperation and support from all industries and sectors
The number of 5G base stations has grown rapidly worldwide in recent years, which would be a great opportunity as well as a huge challenge for 5G service suppliers like ZTE. 5G technology is intended to serve future life, as well as to facilitate developments in relevant industries and this calls for support from every individual and industry involved. However, developments and innovations in higher technology demand a greater input of resources, long-term investment plans, and support from relevant policies.
The market of 5G technology is a blue ocean that waited to be explored. With the wide application of 5G technology in differentiated scenarios, it is certain to benefit industries and sectors both in the short term and long run. On the other hand, ZTE’s knack for introducing consistent innovation and creating value from further 5G applications would keep it a lead in 5G applications among both current competitors and newcomers.
