Telecommunication is one of the fastest-growing industries across the globe. The US government and various industries are rapidly adopting 5G technology to achieve its full potential in the country as well as promote digital business transformation. For instance, in September 2023, the US National Science Foundation Directorate for Technology, Innovation and Partnerships (TIP) is challenges associated with 5G communication infrastructure and operations through a US$ 25 million investment to advance five convergent teams. Also, in April 2023, the US Secretary of Commerce announced the launch of the Public Wireless Supply Chain Innovation Fund, which will invest US$ 1.5 billion in the development of interoperable and open networks. With this funding, the future of 5G and next-gen wireless technology can be built by the US and its global allies and partners.
Furthermore, governments of various countries across APAC are taking several initiatives and investing in 5G technology. For example, in September 2023, Malaysia's Prime Minister announced that a switch to a dual 5G network would allow for more effective participation by China's Huawei, providing Malaysia with a balance of the technology. In addition, in October 2022, the government launched 5G services in India by boosting the country's digital transformation and connectivity. The government also unveiled 5G use cases of numerous telecom service providers in health, education, worker safety, and smart agriculture, among others. Similarly, the government launched the native 5G NSA Core, which was developed by the Centre for Development of Telematics (CDoT). The country experienced several technology demonstrations of enterprise chipsets, 5G solutions, and networking equipment developed by Indian telecom MSMEs, start-ups, and large manufacturers. All these developments align with the Prime Minister's vision to promote "Sabka Saath, Sabka Vikas," "Aatmanirbhar Bharat," and "Jai Anusandhan." Therefore, the rise in government initiatives in the development of 5G networks is driving the 5G base station market.
Key Findings of Study:
Edge computing and 5G are two linked technologies. They both enable huge amounts of data to be processed in real time and used to improve the performance of applications substantially. By bringing compute experiences into the network closer to the end user, edge computing reduces latency. The growing penetration of smart devices, the need for faster processing, and the increased speed pressure on networks are a few factors that contribute to the adoption of edge computing. Edge computing, combined with 5G, creates opportunities to enhance digital experiences, improve performance, support data security, and enable continuous operations in every industry. Edge computing brings computation and data storage closer to the data source. By leveraging the computational capacity of edge devices, networks, and gateways, users can continue to take advantage of the principles of dynamic allocation of resources and continuous delivery that are inherent to cloud computing. With edge computing, businesses have the potential to virtualize the cloud beyond the four walls of the data center. Workloads created in the cloud, including some of the more modern forms of AI and analytics, can now be migrated out toward the edge. Where appropriate, data generated at the edge can be optimized, cleansed, and brought back to the cloud. Edge computing enables improved data control and lower costs by minimizing data transportation to central hubs and reducing weaknesses and continuous operations by enabling systems that run autonomously, even when disconnected, to reduce disruption and lower costs. Edge computing is widely used in 5G network. Hence, the rising usage of edge computing is anticipated to fuel the 5G base station market growth in the coming years.
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