UK falling behind on 5G awareness

▤ Summary

5G awareness in the UK is high but consumers are still largely unaware of the new applications that next generation networks will enable, new research has found. A study by Amdocs found that 30 per cent of Brits plan on purchasing a 5G-compatible handset this year, despite the fact that 5G is a new technology and that the first wave of smartphones will be expensive. However Amdocs says that the more revolutionary applications that 5G will enable are less appealing to mobile users than more traditional use cases at present. The more futuristic services – driverless cars, VR and AR technology – will take time – although we are seeing interest in early capabilities – like augmented reality street maps. Being able to deliver and monetise this quality of service will be key to revenue growth.” Analysts at IDC believe there are more than 10 million active 5G subscriptions but expect there to be an annual growth rate of 217.2 per cent in the lead up to 2023, at which point 5G will account for 1 billion connections.

▦ Linked Companies

Amdocs

$1B+