According to Nokia, 5G is expected to deliver 25 times faster speed of 1 gigabit per second compared to 4G. The company's CEO Rajeev Suri said after leading markets like the US, South Korea, China, emerging markets including India, 5G rollout plan next generation technology by 2021. He said security will be top priority when 5G services are rolled out. 5G technology is expected to double from USD 500 billion by 2028.
Indian telecom operators are purchasing equipments from all vendors active in the market -- a strategy that Suri said leads to increase in price. "Multi-vendor idea is a bad idea," Suri said, adding that purchase from single vendor can lower cost of ownership by 30 per cent and enhance network rollout rate by 45 per cent. "Let us be clear, cheaper is not always better. Better is better. When it comes to network security, better really matters," he asserted.
He said security will be top priority when 5G services are rolled out. "This is one area like ethics where we cannot compromise... Many enterprises will rely on operators for providing network for critical functions. Essential trade secrets will flow over those networks," Suri said.
According to Nokia Bell lab study, business opportunity for telecom from 5G technology is expected to double from USD 500 billion to USD 1 trillion by 2028, and it will enable productivity growth to historical levels. "Between 2028-33, similar gains will be seen in the US as experienced in 1950s in the range of 30-35 per cent. Not just the United States, China and India could see similar productivity gains," Suri said. He added that Internet of Things technology will be a critical factor to drive growth in 5G business.