According to industry experts, the Indian digital economy has the potential to reach USD 1 trillion by the year 2025 with 5G<\/a> being the key catalyst that will fuel this growth. Leveraging dense networks of small cells, 5G<\/a>, the newest generation wireless technology now portends to open new doors towards a 5G-enabled IoT<\/a> ecosystem that will pave way for newer growth engines for the Indian economy.
One of the most significant developments and one that needs to be highlighted first is of the enablement of private 5G networks. The 5G roll-out now allows for private and captive 5G networks for non-public use which will work as a big enabler in digital transformation for enterprises and industries across India. Being a local area network using a 3GPP-based network spectrum, this will allow the creation of unified, secure and completely captive connectivity within a specific area. This will allow companies to run exclusive networks for their use alone – for example an airport operator who will now no longer be dependent on a public network.
What is interesting is that private networks are new across the world. Germany reportedly issued such licenses to over 33 companies to run exclusive networks – covering a diverse set of enterprise including automotive, airlines and manufacturing. Others like the UK, the US and Australia are in the process of rolling out such networks. The obvious question is – why are such networks required? In addition to being totally captive and hence exclusive, the other benefit is that these provide ultra-reliable, low latency connectivity in enterprises where downtime or lags is not an option and also allows these enterprises to have complete control over data and security.
This brings us to Industry 4.0. Enterprise heads are increasingly getting hooked to the promise of Industry 4.0 – faster, smarter, better automated and more sustainable productivity. 5G and data are the fuel that will drive this smarter and more process efficient industry. Compared to earlier generation networks, 5G has been designed to survive very well in harsh industrial environments, to support industrial IoT applications that will link to countless number of sensors and endpoints.
Industrial IoT applications enabled by high bandwidth, superfast and low latency 5G will help connect billions of networks in the next five years. For instance, if we talk about a smart home, dozens of devices can be connected easily. But extrapolate that to a city and think how many smart devices would now connect seamlessly and communicate with one another in real time – the potential scale is astounding and yet now possible.
According to industry reports, by 2023, the number of IoT-connected devices is projected to increase to 43 billion, representing a threefold increase from 2018. Other sectors that will be dramatically impacted by 5G include agriculture, education, healthcare, automobiles, gaming, automation, and manufacturing, to name a few.
This ‘Intelligent Industry’ that marries the physical world with digital technologies is poised to transform the entire value chain starting from research and development to design, to engineering and finally manufacturing. For India, developing highly competitive manufacturing hubs serves as one of the biggest opportunities to chart economic growth and contribute towards its goal of a US$1 trillion electronics manufacturing economy by 2025.
From a performance perspective, 5G can handle a workload of up to 1 million devices per square kilometre. It is interesting to note that team Gati Shakti of the Logistics division of the Department for Promotion of Industry and Internal Trade (DPITT) of the Government of India recently issued an office memorandum to all states asking them to rapidly map four categories of data layers for the national 5G rollout. These include electric poles, traffic light poles, bus terminals and shelters and governmental buildings and is linked to India’s firm focus on small cells technology for 5G rollout.
This will help create a more uniform and ubiquitous 5G coverage that will address the requirements of enterprises as much as it will benefit consumers. The adoption of 5G and IoT will also be steered by other factors such as the affordability of IoT devices. The cost of hardware is up to 30% of the overall cost of IoT technology and therefore there will be a direct correlation between reduction in hardware costs and uptake of IoT by industry.
The future of 5G is full of limitless possibilities. From its sheer versatility to ease of operations and low cost of entry 5G networks will go much beyond powering individuals with smartphones. 5G will enable and power industry 4.0, the new engines of growth of a new and smarter India.
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