Capgemini asked a range of industrial company executives which technologies they saw as a key enabler to their business’s development over the next five years and 84% said cloud computing and 75% said 5G. 5G is seen to be the answer to connectivity challenges currently faced by businesses.
The Capgemini Research Institute surveyed over 800 executives from industrial companies in 12 countries: Belgium, Canada, France, Germany, Italy, Netherlands, Norway, South Korea, Spain, Sweden, U.K., and the U.S. Within this sample, it covered a dozen sub-sectors: aerospace and defense, airport and railway operators, automotive, chemical, consumer product, energy and utilities, industrial machinery, logistics, medical devices, pharma, and life sciences and semiconductor and hi-tech manufacturing.
Nearly two-thirds of industrial companies (65%) hope to be using 5G within two years. This rises to 75% in the U.K. and Itay, 69% in Spain, and 68% in the U.S. and Norway. Many companies even expect to be using 5G within a year, 35% of Italian firms, 30% of French firms and 27% of Canadian firms have this expectation.
The study also found that it is the larger manufacturers who are most ready to embrace 5G technology: 74% of firms with annual revenues above $10 billion expect to do so within the first two years, this compares to 57% with revenues between $500 million and $1 billion.
Businesses expect 5G to help real-time edge analytics, video surveillance, remote control of distributed production and AI-enabled or remote controlled motions.
Industry also indicated that it will pay more for the benefits of premium 5G services; 72% of firms will pay more for enhanced mobile broadband speed and increased capacity.
A third of industrial companies have plans to apply for their own 5G licenses, and again larger organizations make up the bulk of this, with 47% expressing an interest here. The desire for a private license is linked to greater autonomy, efficiency, cost savings and security concerns. Different countries will have different regulatory barriers that will govern this.
Source: Two Thirds Of Industry Leaders In Capgemini Survey Hope To Be Using 5G Within 2 Years
By Anna Tobin, Contributor
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