5G in sports: Here’s how event experiences will transform
Peter Marshall, 5G Principal Lead for King’s College London, explains the future of event experiences and four areas where 5G can enhance the fan experience. These areas are essential to reversing the current trend of aging sports fans and matching the continuing rise of media rights fees with improved experiences. It’s a task that could pull in a bigger crowd into venues, and bring stadiums and arenas closer to fans at home. It’s also a business projected to generate USD83.1 billion in revenues by 2023 in the US alone.
The sports and media industries face two significant trends. The first is that the average age of the fan base is increasing. It varies between 40 and 64 years for classic sports, and hovers around the mid-twenties for esports. The second is that media rights deals for live sports are reaching extraordinary new levels. Both these factors are putting the digital transformation of sports and media in play.
5G accelerates economic growth
The profound impact of 5G on the economy is outlined in this report, showing the impact of growth in different types of industries, such as manufacturing, retail, healthcare, automotive, or utilities.
The results of this economic modeling analysis show that 5G will significantly drive revenue growth, increase U.S. GDP, and create and transform jobs over the next 5 years. 5G is a force of economic growth and resilience, unlocking the potential of Artificial Intelligence (AI), edge computing, and Internet of Things (IoT).
In addition, 5G will lead to the creation of industries previously unimagined. There are tangible and achievable acceleration opportunities to speed up the deployment process and maximize the benefits.
Five things to keep in mind when thinking about 5G
5G will be ubiquitous, but the picture is more complex than simply “adding 5G” to services. The 5 points raised in this article show that 5G will be absolutely critical to connectivity and businesses moving forward. But it does mean that especially during this pivotal stage when networks are rolling out and maturing, businesses should think carefully about what they need from their 5G network and evaluate options based upon those particular needs. 5G is not just about increasing speed and therefore mobile activity, it is about going beyond that and across the different spectrums, most especially in areas that have poor data infrastructure currently.
Malaysia to build 5G Network itself to speed up service launch
Malaysia will build 5G infrastructure itself instead of relying on private telecom carriers as it seeks to accelerate the roll-out of high-speed services.
Prime Minister Muhyiddin Yassin on Friday announced that Malaysia would invest 15 billion ringgit ($3.7 billion) over 10 years in the 5G network. The government will set up a special purpose vehicle that will own the spectrum and manage the network, he said.
The Qualcomm Thinkabit Lab
The Innovation Council member Qualcomm launched the 5G Academy, a resource designed to educate the public and policymakers on 5G – from how it works to how it’s changing the way the world connects and communicates, and why standards and patents in wireless technology matter.
You can learn more why 5G will redefine the ways we connect to the world around us—making possible a connectivity fabric that weaves everything, and everyone, together.
Here’s a look at our future with 5G.
Test your knowledge on wireless technology – from wireless voice calls to autonomous cars? Test here your 5G knowledge by playing the 5G Game!
The health pandemic has shown the need for faster wireless networks to boost remote learning. Watch here how 5G can take e-learning to the next level.
5G networks will broaden the ways we interact with doctors, manage our own health, and improve access to treatment. Watch here how 5G will transform healthcare.
U.S. business leaders believe 5G will aid recovery from economic impact of COVID-19
Verizon Business released findings from its “Verizon 5G Business Report” highlighting the impact 5G technology is expected to have across the United States. The report revealed that technology decision-makers overwhelmingly agree 5G high-speed communications networks and devices will create new growth opportunities and applications for their companies and industries within the next two years.
The survey, which was conducted in partnership with Morning Consult, polled 700 business technology decision-makers across the United States to gauge interest in deploying 5G and specific use cases within the Sports/Entertainment/Media, Government/Public Sector, Healthcare, Manufacturing, and Retail.
Decision-makers largely agree that 5G will create new opportunities for their company (80%), their industry (79%), and their role (79%). According to the survey, 5G will also play an important role to help economic recovery: Seven in 10 (69%) decision-makers believe 5G will help their company overcome the negative impact of the COVID-19 pandemic.
Webinar: Ensuring leadership on 5G
Looking ahead to 2021 and beyond, this webinar explores the future of technological leadership, with a focus on 5G and other emerging technologies. Panelists discuss the roles that business and government will play in building the next generation of technologies.
- What is 5G?
- 5g use cases: examples from the U.S. and Germany
- Challenges to using 5G
- How we can engender innovation related to 5G