Jabil Announces Results of Global Survey on 5G Technology Trends
June 28 2022 - 7:45AM
Business Wire
- 64% of those polled believe 5G will become mainstream in the
next one-to-three years
- 59% of respondents strongly agreed that 5G transitions will
create opportunities for new telecom companies, while 42% strongly
believe a “killer app” will propel 5G’s true potential
- More than half of participants are considering an Open Radio
Access Network (RAN) strategy to reduce capital and operational
costs
Jabil Inc. (NYSE: JBL) today announced the findings of its 2022
global 5G survey, reinforcing continued 5G adoption and a steady
pace of deployments, despite persistent technology and
business-related challenges. This latest poll on the state of the
5G industry complements the results of Jabil’s inaugural 2018 5G
survey, which revealed varying opinions on the possibilities and
potential for telecommunications companies, as well as their
customers and partners.
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Jabil announced the results of a survey
of telecommunications decision makers, which identified top trends,
opportunities and obstacles in the development, implementation and
deployment of 5G technologies. (Photo: Business Wire)
“Continued growth in 5G complexity and diversity creates a
wealth of opportunities as well as obstacles for traditional telco
service providers, equipment manufacturers and software
developers,” said Emanuele Cavallaro, president, Communications
& Networking division at Jabil. “Our ability to collaborate
with companies across the entire 5G ecosystem will push the
boundaries of innovation to help 5G stakeholders reach their true
potential.”
Jabil commissioned SIS International Research to conduct the
2022 5G Technology Trends Survey, with participation from 193
stakeholders directly involved in the development, implementation
or adoption of 5G technologies at leading telecommunications
companies. Decision makers from North America, Europe, the Middle
East and Asia-Pacific weighed in on the current and future state of
the industry, with the majority (64%) agreeing that it will take
another one to three years before 5G technology will be adopted
widely.
Other key findings include:
- More than half of those surveyed (59%) report the transition to
5G will create opportunities for new telecommunications companies
while 53% said it will deliver new business models
- Availability of spectrum, or lack thereof, is the most
difficult technology challenge, according to 32% of
respondents
- Almost all respondents (93%) believe 5G will foster
partnerships between service providers and software or web services
companies
Waiting for the ‘Killer App”
Jabil’s survey participants are not completely sold on the idea
that a yet-to-be-invented application holds the key to unlocking
5G’s true potential. In fact, only 42% strongly agreed that a
“killer app” is needed to propel the industry forward. However,
respondents believe the financial services sector holds the most
promise with respondents ranking it first.
Transportation ranked second, receiving a boost from
developments in connected vehicles and autonomous driving.
Healthcare came in third, in part due to breakthroughs in wearables
and connected auto-injectors. More than half of the participants
(58%) assert the next “killer app” will come from the business
world, with only a fifth (20%) looking at consumer-facing apps to
accelerate adoption.
Opportunities and Obstacles
Overall, telecom stakeholders are bullish about 5G’s prospects,
with 65% citing it as a superior technology that will dramatically
transform telecommunications, up 16% from the 2018 poll.
Still, business-model challenges remain problematic among those
surveyed, with 31% citing the creation of subscription models as
the top impediment, followed by government regulations (27%) and
erosion of market share by over-the-top providers (25%). Across the
board, operational challenges have eased but network mapping (32%)
and lack of 5G-enabled devices (31%) still cause problems.
Pursuit of Open RAN
Interest and adoption of Open Radio Access Network (RAN) has
continued to expand along with its potential to transform networks
with the prospect of open hardware, software and interfaces for
interoperable, cellular wireless networks. Most of those polled
(57%) believe Open RAN will be ready for widespread deployment
alongside 5G within the next two years. In fact, 55% of survey
respondents report they are seriously considering an Open RAN
strategy while another 22% report already having a viable strategy
in place. Across the board, survey participants believe that Open
RAN will reduce capital and operational (capex/opex)
expenditures.
Overall, companies were split in assessing where hyperscalers
(e.g., Amazon Web Services, Microsoft, Google, etc.) fit into Open
RAN strategies, with 44% believing they have a place. Two-thirds of
respondents (67%) with an existing Open RAN strategy report that
hyperscalers fit into their roadmaps.
About Jabil:
Jabil (NYSE: JBL) is a manufacturing solutions provider with
over 260,000 employees across 100 locations in 30 countries. The
world's leading brands rely on Jabil's unmatched breadth and depth
of end-market experience, technical and design capabilities,
manufacturing know-how, supply chain insights and global product
management expertise. Driven by a common purpose, Jabil and its
people are committed to making a positive impact on their local
community and the environment. Visit www.jabil.com to learn
more.
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version on businesswire.com: https://www.businesswire.com/news/home/20220628005038/en/
Michael Kovacs Senior Director, Marketing, Jabil 1.408.427.1191
michael_kovacs@jabil.com
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