New research & applications at the forefront of mobile connectivity
As 4G LTE technologies are being deployed in many countries around the world, efforts to define, research and develop 5G are also under way. 5G mobile technology will deliver data speeds 100 times that of the fastest LTE networks, which max out at 100 Mbps when afforded the necessary spectrum.
Moving ahead on the 5G front are Korea, Japan, USA & Europe, all attempting first-mover advantage. Numerous companies are hopping on the 5G bandwagon, even though standards are only now being debated and are far from being decided. One international company in Asia, said earlier this year that it had developed a new adaptive array transceiver technology that will enable 5G speeds using millimeter-wave bands. In fact, this Korean telco has already spearheaded with its breakthrough 5G elastic cell technology which could improve data transfer rate by up to 50 percent at the cell boundary compared to the existing LTE network, bringing one step closer to achieving the goal of "1 Gbps data throughout anywhere". As it is, there are already at least 30 partners spanning telecommunications manufacturers, network operators, the automotive industry and academia currently, actively participating in 5G research.
Concurrently, the time is approaching very quickly for the explosive growth of the Internet of Everything - now projected to reach multiple billions of devices in the next few years, and the unprecedented high adoption rate of LTE have given rise to a tidal wave of new business opportunities not only for mobile operators, but also for device makers now highly incentivized to connect their devices to the Internet via LTE. Beyond the traditional makers of smartphones, tablets, and routers, the LTE-enabled Internet of Everything offers a myriad of new business opportunities to non-traditional device makers based on connecting devices to the Internet that have never been connected before - devices that create tremendous new efficiency for home and business, transportation, energy, agriculture, healthcare, security, retail, advertising, and more.
In the Asia Pacific region, it is forecast total spending on Internet of Everything will be US$9.96 billion in 2014, and spending will continue to grow at a CAGR of 34.1 percent to reach US$57.96 billion by 2020. There are several factors driving the adoption of Internet of Everything in Asia, including regional government efforts to improve competitiveness in their economies and city planners' efforts to address social demographic challenges in their cities, and with cost effective cloud computing providing additional impetus.
The Asia Pacific region, with one of the largest production networks in the world, is expected to witness spending on Internet of Everything applications in telematics and supply chain visibility, growing at a rapid rate of CAGR of 52.7 percent between 2014 and 2020. Whilst the logistics and transportation sector remains the largest Internet of Everything segment in APAC for the near future, Internet of Everything spending in the consumer technology segment is expected to experience phenomenal growth between 2014 and 2017.
This Summit is a timely and premiere thought leadership event - a must attend for all operators and mobile communities.
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