Industrial companies have a taste for 5G
5G promises to solve the connectivity issues that beleaguer many industry verticals, including manufacturing, transport, logistics, and energy and utilities. In fact, three-fourths of industrial companies believe that 5G will be a key technology enabler for their digital transformation within the next five years and they are willing to pay a premium to get it.
5G has sparked enormous interest among these companies. In fact, up to 65% are keen to implement the technology within two years of availability. But are telecom operators willing and able to meet their needs?
5G in manufacturing and asset-intensive companies
In the new report from the Capgemini Research Institute, 5G in industrial operations: How telcos and industrial companies stand to benefit, we surveyed around 800 manufacturing and asset-intensive (industrial) companies around the world, to find out how willing they are to adopt 5G and where they believe 5G can add maximum value. We also spoke with over 170 industry and telecom executives to clarify the 5G expectations of industrial companies and help them understand how to meet those demands.
To achieve these goals, our report looks at four areas:
- Industrial companies’ appetite for speedy 5G adoption and the factors driving this interest
- Why potential delays in 5G deployment are leading these companies to consider applying for 5G licenses and how that might affect telecom players
- The potential manufacturing use cases that 5G offers
- Key recommendations for industrial companies as well as telecom players
Collaboration is the key to implementing 5G
Anticipation for 5G runs strong among industrial companies, but the features will take time to emerge. In the meantime, some of these companies are considering applying for their own private licenses just to ensure greater autonomy and security. But to fully realise the vast disruptive potential 5G offers, these companies should instead collaborate more closely with telecom operators, identify areas where 5G can add value, and design the right implementation roadmap.
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Hear from the experts
In this podcast, we take an in-depth look at some of the key findings of the report.
Prof. Sally Eaves – CTO, renowned author, and speaker
Günther May – Head of Technology and Innovation, Bosch Rexroth
Pierre Fortier – Principal Consultant, Capgemini Invent
Frank Wammes – Chief Technology and Innovation Officer, Capgemini Europe