Huawei recently hosted the 5G Beyond Growth Summit at MWC Barcelona 2024, where Li Peng, Corporate Senior Vice President and President of ICT Sales & Service, shared insights on the future of 5G and the upcoming 5.5G technology. The summit highlighted how carriers can achieve business success in the era of 5G and leverage the potential of networks to create new growth opportunities.
According to Li, 5G has already garnered 1.5 billion users worldwide in just five years, a milestone that took 4G nine years to achieve. With 20% of global mobile subscribers now using 5G, these users are generating 30% of all mobile traffic and contributing 40% of mobile service revenue. As 5.5G technology enters commercial use in 2024, carriers have the opportunity to unlock new applications and capabilities by integrating AI and cloud services with their networks.
To thrive in the 5G landscape, carriers need to focus on building high-quality networks, implementing multi-dimensional monetization strategies, introducing emerging services, and embracing generative AI. A strong emphasis on high-quality networks is essential to attracting mobile users who are willing to pay for better experiences, leading to increased traffic and revenue. By adopting innovative pricing models and offering new services like cloud phones and glasses-free 3D, carriers can maximize the value of each bit and drive long-term sustainable growth.
Moreover, the integration of 5G technology across various industries presents lucrative opportunities for carriers in the B2B market. With the advancements of 5.5G, including deterministic latency and precise positioning, carriers can tap into new use cases and expand their offerings to cater to a diverse set of industries.
The future of the mobile industry lies in generative AI, with global AI mobile phone shipments projected to reach 170 million in 2024. Next-generation AI phones will revolutionize user experiences with enhanced storage, display, and imaging capabilities, leading to the creation of new AI-powered applications that generate massive amounts of data.
As Huawei continues to innovate in the 5G and 5.5G space, Li Peng emphasized the company’s commitment to partnering with carriers to drive growth and unlock the full potential of next-generation networks. With a focus on collaboration and innovation, Huawei aims to revolutionize the mobile industry and usher in a new era of intelligence and connectivity.
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