DIGITAL STRATEGY
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In a recent report , Intel explored how 5G will transform the media and entertainment business . In your opinion , what are the key takeaways from this report ? All industries and businesses will evolve as 5G opens up new possibilities for businesses and consumers . Our report ‘ How 5G Will Transform The Business of Media and Entertainment ’ conducted by Ovum , forecasts that annual mobile media revenues will double in the next 10 years to $ 420bn in 2028 ($ 124bn in the US ). During this period of adoption , it will be the media
companies that are first to embrace those new business models that will be the winners . In addition to this , 5G is set to substantially transform video consumption . The report states that “ mobile revenues over 5G will grow with a compound annual growth rate ( CAGR ) of 85 % between 2021 to 2028 ”.
Beyond this , I ’ m interested in how 5G will bring major changes to areas aside from the network : mobile edge computing ( MEC ). MEC brings network computing capabilities closer to the network edge , enabling lower latency and better distribution of
SEPTEMBER 2019