Nearly all (96%) large technology companies plan to leverage 5G and 83% will have 5G solutions deployed within the next 24 months, a new survey indicates.
The survey, commissioned by Ixia and conducted by Dimensional Research, polled nearly 300 senior level executives at enterprises and service providers worldwide with over 1,000 employees about their 5G technology adoption plans.
Nearly every company surveyed plans to adopt 5G, with two out of three respondents evaluating 5G over the next year. Over a third (34%) of the organizations plan to release 5G technologies over the next 12 months if they have not done so yet.
The study also showed that 67% of organizations have evaluated or will evaluate 5G technologies in the next 12 months. Thirteen percent of respondents have already deployed 5G networks, while 34% will be publicly releasing 5G solutions in the next 12 months.
The top three drivers for 5G adoption are: flexible and scalable network (59%), customer demand (55%) and market leadership (46%).
The top three industries driving the need for 5G technology include telecoms, tech, and financial services
Meanwhile, the key barriers for 5G adoption include: lack of standards, expertise, and resources.
“Many industry analysts talk about 5G as if it is far in the future, but this study shows what we are seeing within Ixia, that 5G rollout and adoption is ramping much quicker than predictions,” said Kalyan Sundhar, Vice President, Mobility and Virtualization Products at Ixia.
“5G testing tools can help organizations make 5G a success even before all of the standards are finalized. Developers can ensure their networks and applications are ready to take advantage of the speed and increased device connectivity promised by 5G.”
The survey also revealed why organizations want 5G. They are seeking speed, flexibility, and reliability resulting from 5G advancements.
Over 45% of organizations are driven by first-to-market pressures to secure and satisfy customers, but they state that a lack of resources, expertise, and standards are hindering their developments, leading to nearly half of those surveyed to state they are not ready.
First published in Networks Asia