Mobile network operators, or MNOs, have embarked upon their “next evolution”: a journey to build out 5G networks that will enable an unprecedented number of mobile services at greater speeds, and across billions of devices and things. This will unleash such new services as high-definition video, self-driving cars, massive adoption of the internet of things (IoT), smart cities, and a mass digitization of businesses and industries.
5G promises transformative mobility by offering enhanced mobile broadband experience and enabling industrial digitalization through customer value creation. Mobile network operators will have the opportunity to utilize their networks to enable new business models tied to enterprise business services. Operator revenues are predicted to grow at a CAGR of 2.5 percent to reach $1.3 trillion in 5G services by 2025.
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