5G technology investments are primarily driven by the companies’ need to secure market leadership, meet customer demand, and take advantage of flexible and scalable networks, says Keysight 2018 State of 5G survey.
More than half (54 percent) of companies surveyed are already adopting 5G technologies with 46 percent citing securing market leadership early in the 5G lifecycle as the primary driver for their investments.
Further, more than two thirds of respondents said they are actively seeking 5G test solutions to accelerate the development or rollout out of 5G technology.
“To meet customer demand and establish market leadership, equipment manufacturers and service providers need early access to 5G test tools and capabilities,” said Kailash Narayanan, vice president and general manager of Wireless Devices and Operators at Keysight Technologies.
Nearly all (98 percent) of the survey respondents stated that 5G is going to have significant impact with 63 percent stating that 5G investments will enable higher reliability and lower latency.
In addition, respondents indicated that the top three benefits of implementing 5G technology are faster networks, greater IoT enablement, and connected car proliferation.
By leveraging new and existing technologies including wider bandwidths in millimeter-wave frequencies, massive MIMO and virtualized networks, 5G will deliver a multitude of benefits to meet customer demand across a wide range of vertical industries.
The benefits of 5G extend beyond the telecommunications and technology industries. Most notably Financial Services was one of the industries respondents pointed to as a driver for the need of 5G technology (37 percent).
Because of the growing market need and industry momentum, more than two thirds (69%) of respondents said they are actively seeking 5G-capable testing solutions to support and accelerate the development or rollout out of 5G technologies, the survey said.