The telecom industry is in a turbulent phase owing to several platform developments. Customers now have far higher expectations for connectivity, speed, support, convenience, and availability, which call for higher service quality. Japan is ahead of everyone in the race to implement 5G services, and the direction of mobile connection is clear now. An innovative new mobile network that might significantly reduce the cost and expand the flexibility of cellular services was soft launched by newcomer Rakuten Mobile. With its emerging cloud radio access network (Cloud-RAN), Rakuten can leverage off-the-shelf hardware by virtualizing radio network operations.

The advent of 5G is thus expected to hasten the technological growth trajectory, the nature of work and personal connectedness. People in less developed nations can access top-tier services, including banking and business applications, education, and healthcare, across linked devices owing to 5G. The enterprise segment of communication service providers (CSPs) has improved the income opportunities owing to 5G network slicing. 5G network slicing offers CSPs certain advantages such as customized functionality, quicker scale-up and time-to-market, and the generation of new revenue prospects.  With prospective go-to-market strategies like the Network-as-a-Service (NaaS) model, the technology further helps in designing a wide range of 5G monetization possibilities. It is further expected that the integration of 5G technology into IoT and other advanced tech will disrupt not only the deployment of 5G for private users but public organizations as well, with the immense integration possibilities in sectors like healthcare, retail, construction, and logistics, besides others.