The Capgemini Research Institute has issued the results of a new survey conducted to understand the 5G revolution.
The survey includes response from 150 telecom and over 800 executives in 12 countries across a dozen of sub-sectors including energy & utilities and automotive and industrial machinery.
Key study findings include:
- Industries want to leverage the 5G revolution but barriers remain
- Most US industrial companies plan to implement 5G within the next two and five years, as a primary enabler of digital transformation. Many are willing to operate within their own private licenses
- Security and operational advantages will drive 5G adoption
- Industrial companies will pay more for premium services
Gunther May, Head of Technology and Innovation, Business Unit Automation and Electrification at Bosch Rexroth AG says, "As a solution provider and a manufacturer, we are monitoring the 5G landscape closely and we believe there are multiple benefits to holding our own license. It would allow us to be in full control of our 5G strategy by giving us the freedom to either deploy the network alone or with a telecom operator."
Pierre Fortier, Principal Consultant in Telecom, Media and Technology at Capgemini Invent comments, "This research makes it clear that industrial companies are confident about the benefits of 5G before it has even come to market. That said, 5G is an emerging technology and there will be many challenges to overcome before it is ready to be deployed at scale. Co-innovation between industrial companies and the telco ecosystem, in the form of pilots and open experimentation platforms, will be essential to create win-win business, service and operating models that will foster 5G adoption."
For more information about the study, visit "5G in Industrial Operations: How Telcos and Industrial companies stand to benefit"
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