Investment in 5G: 70 PC of enterprises to make highest investment in 5G in the next 3 years: Report | Biden News

As many as 70 percent of the businesses surveyed expect to make the highest investment in 5G in the next three years compared to other emerging technologies, an EY report said on Wednesday. Smart manufacturing, immersive content and cloud gaming will be the best use cases of 5G, it said.

The report surveyed Indian businesses about their 5G priorities and challenges. The survey was conducted with 56 Indian companies across eight industries — automotive and transportation, consumer goods, energy, mining and utilities, financial services, government and public sector, healthcare and life sciences, manufacturing and technology. The primary functional roles of survey respondents were IT/telecom, marketing, product and platform development, and operations.

About “70 percent of businesses in India are expected to make the highest investment in 5G compared to other emerging technologies such as quantum computing, edge computing, analytics and AI (Artificial Intelligence) and blockchain in the next three years,” the EY report said .

Half of the businesses surveyed, however, said they had limited clarity on 5G policy and regulations.

“As 5G increases the number of endpoints and use cases, the risks of cyber attacks and data breaches are paramount for businesses in India,” it said.

The report underscores the importance of redefining cybersecurity strategies as vulnerabilities are exacerbated by the distributed and virtualized nature of 5G networks.