Mobile Devices

Can 5G help overcome COVID-19’s economic impact?

02 February 2021

Verizon has surveyed decision makers regarding 5G communication networks and devices, finding most makers agree that 5G will create new growth opportunities for their companies in the next two years.

5G technologies will specifically help accelerate the recovery from issues posed by the COVID-19 pandemic and 73% of people polled already know which 5G applications will benefit their company the most.

“Over the last year, 5G has become top-of-mind for businesses as they manage through condensed digital transformation timelines,” said Tami Erwin, CEO of Verizon Business. “Today’s findings underscore the critical role 5G will play in economic recovery and growth, and we stand committed and ready to help our partners make that transition quickly and seamlessly.”

About half of the decision-makers have already provided or planned to provide 5G-capable smartphones for employees in the next six months and 76% of those surveyed say mobile edge computing (MEC) is important and will play a roll in their company.

Sports and retail

About 78% of those polled plan to leverage 5G to incorporate augmented and virtual reality in live events, sports and media. About 66% saw making AR and VR in live events to provide an in-person experience for those not attending a valuable use case for 5G.

Meanwhile, retail respondents said that businesses that do not adopt 5G technology will likely fall behind in the coming years. Again here, VR and AR are a valuable use case with 80% seeing the viability of the technology. 60% of retail respondents said enhancing wireless internet speed and reliability was a top priority for 5G usage.

Public and healthcare

Real-time video to monitor crowds and increase safety is seen as one of the top use cases for 5G in the government and public sector. About 70% of respondents viewed faster data transfers to and from first responders to and from emergency sites as another benefit and about 36% felt 5G would have an impact on cybersecurity.

More than three in four technology decision-makers in healthcare said 5G will change how they interact with customers with remote health monitoring devices viewed as the most valuable application of 5G. Mobile networks for telemedicine is viewed as the applications that will most likely be implemented, interacted with and responded to in the next two years.

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