Huawei hosted the “5G Beyond Growth Summit at MWC Barcelona 2024” to discuss the future of the 5G market and the potential of 5.5G technology. Li Peng, Corporate Senior Vice President at Huawei, highlighted the success of 5G commercialization and the opportunities for operators to achieve further growth. With 1.5 billion users worldwide, 5G has become a significant player in the mobile industry, responsible for 40% of revenues from mobile services.
Looking ahead to 2024, Li Peng emphasized the importance of high-quality networking, multi-dimensional monetization, modern services, and generative artificial intelligence in unlocking the potential of new applications. Operators can drive success by focusing on these key areas and adapting to the evolving landscape of mobile services.
High-quality networks are crucial for maximizing user value and generating increased traffic. Operators investing in technologies like Massive MIMO have successfully introduced services like 5G FWA, leading to revenue growth and increased user adoption. By prioritizing network quality, operators can ensure the success of new services and applications.
Multi-dimensional monetization strategies, such as differentiated pricing based on speed and value-added features, have proven to be effective in increasing average revenue per user (ARPU). Innovative offerings like 5G Boost Mode and guaranteed uplink packages have driven revenue growth for operators in various markets.
Modern services like New Calling, cloud telephony, and 3D technology without glasses are gaining popularity among consumers, offering new revenue streams for operators. Industries across China have integrated 5G technology into various applications, from private networks to passive Internet of Things solutions, creating opportunities for operators to expand their offerings and drive sustainable growth.
Generative AI is expected to revolutionize the mobile services industry, with AI-powered phones projected to reach 170 million in global sales by 2024. These devices will support advanced applications generating massive amounts of data, opening up new opportunities for operators to innovate and meet evolving consumer demands.
In conclusion, Li Peng expressed confidence in the future of 5G and 5.5G technologies, highlighting the partnership between Huawei and operators to drive incredible growth in the mobile industry. By embracing technological advancements and focusing on quality, monetization, services, and AI, operators can position themselves for success in the rapidly evolving 5G market.
For more information about the event and Huawei’s vision for the future, visit the official PR Newswire press release.
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