5G investments in 2022 remain strong: report
This does not, however, necessarily mean that 5G adoption is guaranteed.
Investments for 5G technology in 2022 are seen to grow, but consulting firm EY said this will not guarantee 5G adoption.
In its Reimagining Industry Futures study, EY reported increased current and planned investments in five out of eight emerging technology categories.
In particular, investors are eyeing analytics and artificial intelligence, edge computing, the internet of things (IoT), virtual reality, 5G, and quantum computing. Only automation and blockchain saw a year-on-year decline.
“Future spending intentions are highest in 5G, with its role in responding to environmental, societal and governance (ESG) risks top of mind,” the report read in part.
It also found that organisations are after 5G use cases more because of its contribution in meeting sustainability goals (68%), and improving supply chain management (65%).
“Yet long-term adoption of 5G is not guaranteed and vendors should not be complacent. The number of Asian companies planning to invest in 5G is down nearly 10% from last year.”
EY further pointed out that technology providers should recognise that it is likely that there will be organisations that will be less receptive to 5G adoption.
Despite this, EY noted that some enterprises are receptive to 5G solutions in cases when they are delivered through disruptive business models.
The study found that 77% of businesses look at using private networks to support the implementation of 5G and IoT use cases.
Moreover, half of respondents rate the purchase of private network capabilities as an important 5G investment strategy for their business, citing a range of benefits led by greater network control (68%) and improved network reliability (64%).
