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12 October, 2019 08:49:41 AM
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5G to contribute $900b to the regional economy

The process of preparing 5G guidelines has already been started by BTRC
Tareque Moretaza, Dhaka
5G to contribute $900b to the regional economy

GSMA’s recent Mobile Economy Report Asia Pacific 2019 edition shows that Asia’s mobile operators are set to invest $370 billion building-out new 5G networks between 2018 and 2025. It is forecast that 5G will contribute almost $900 billion to the region’s economy over the next 15 years and 5G will account for 17 per cent of total regional connections. 5G has launched in several markets across Asia Pacific, with national commercial networks now live in South Korea and Australia, and emerging in the Philippines.

The Digital Societies report forecasts that by 2025, 5G will account for 17 per cent of total regional connections, at which point all 11 focus countries of this report are forecast to have launched 5G services if industry and governments work together. “Bangladesh is not far behind in this trend. Bangladesh is also in the process of launching 5G keep pacing with other countries of the region”, said Posts and Telecommunications Minister Mustafa Jabbar.

“The government is preparing for the 5G. The process of preparing 5G guideline has already been started by BTRC.  This will be a unique milestone for digital Bangladesh, Minister Mustafa Jabbar added”. He said, “the government is working to increase Internet connectivity and ensure safe use. The presence of Bangladesh through digital is now admirable and exemplary to the world”.  “The progress of Bangladesh is visible to all who are working all over the world with telecom services and we as the country always want to stay ahead”, Jabbar added.

 The GSMA report updates the digital society index of eight previously reviewed Asia Pacific countries, such as Australia, Bangladesh, Indonesia, Japan, Malaysia, Pakistan, Singapore and Thailand and three newly added countries, India, South Korea and Vietnam. Connectivity is key, and the availability of high speed, mobile network coverage is fundamental to developing a digital society. In most Asian countries, mobile handsets are the main device used to access the internet.  

According to the report, all countries have continued to democratise access to public services as 3G and 4G population coverage increases.   “Industry and government collaboration has never been more crucial. An established and thriving ecosystem will drive the creation and consumption of digital applications and services. 5G is not simply an upgrade in speed, it will open up an entirely new scale and scope of services and has the potential to impact societies, driving innovation and transforming the digital landscape,” said Julian Gorman, Head of APAC, GSMA.  

“This new report highlights the need for strong digital foundations, formed through collaborative digital platforms. These platforms will provide a gateway for governments and businesses to deliver intuitive, simple to access services to the consumer. Without these essential united platforms, 5G and the opportunity it presents, will not be fully realised. Working together will be key to shaping future communicates in the region.” Julian Gorman said.

The report explores how, as countries across the Asia Pacific region launch 5G, governments and industry players have a critical role to play to ensure an inclusive digital future. Mobile operators need to engage with the broader ecosystem, especially in helping innovative start-ups reach scale. While governments must seek to create an enabling environment for such collaboration, fostering a digital society through tax policy, integrated regulation that is fit for purpose and standardising spectrum with neighbouring countries.

Without working together and the establishment of collaborative platforms to enable services and expansion of the user-base, 5G will not be fully realised in the region. 5G has launched in several markets across Asia Pacific, with national commercial networks now live in South Korea and Australia, and emerging in the Philippines.

GSMA expect at least seven markets in the region to have launched 5G services by the end of 2019. By 2025, we forecast 5G to account for 17 per cent of total regional connections, by which point all focus countries of this report are forecast to have launched 5G services.

5G is not simply an upgrade in speed over 4G. By offering markedly higher capacity, lower latency and denser networks, 5G will open up an entirely new scale and scope of services, applications and connections to devices, from autonomous cars and remote surgical procedures to automated manufacturing and augmented/virtual reality. In enabling new capabilities across multiple industries and sectors, 5G has the potential to alter communications, productivity and human-machine interactions. However, these advances cannot happen without change in the way people, businesses and organisations interact.

Collaborative digital platforms should facilitate the development of 5G services and help mobile operators boost revenue if they can shift to more value-added services over pure connectivity, and increase sales to businesses rather than mainly to consumers.

Currently,mobile operators derive about 80 per cent of their revenue from consumers, but the GSMA encourages them to push their 20 per cent of sales to businesses to a level of 40 per cent within five years. Like the higher margins of selling services to businesses, providing value-added services has higher margins than just providing connectivity, which currently accounts for only around 10 per cent of total revenue.

 According to a 2018 survey of operators, vendors and other companies by the GSMA’s news service, Mobile World Live, 27 per cent of respondents expect mobile operators to assume the role of platform providers in the 5G era, with the enterprise space and IoT in particular being key use cases.24 When sizing the potential of new offerings from existing services or from entirely new platforms, mobile operators will need to assess whether a “minimum viable ecosystem” (MVE) is in place, or how to develop it. An MVE is analogous to the concept of “minimum viable product” (MVP) – the barebones product or service that a digital company needs to test the waters when launching a new offering.

 

SI

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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