IOT “ BY THE END OF 2029 , 5G IS PROJECTED TO ACCOUNT FOR APPROXIMATELY 60 % OF ALL MOBILE SUBSCRIPTIONS GLOBALLY ”
KATHERINE AINLEY CEO , ERICSSON UK & IRELAND
AI and its rapid evolution has also played a significant role in advancing connectivity , with the technology already being used by operators for customer service , fraud detection and similar applications . As far as digital transformation is concerned , the telecommunications industry is placing its bets predominantly on AI and the cloud .
According to McKinsey ’ s forecasting , cloud developments are expected to generate up to US $ 3tn in value by 2030 , as more businesses migrate towards the cloud . As demand for cloud services continues to surge , so does the need for faster and secure digital infrastructure , as Buddy Bayer , Chief Operating Officer of Colt Technology Services , explains . “ Cloud-based on-demand digital services , along with power availability to support this demand , are two factors influencing the expansion of physical infrastructure to support growth in cloud connectivity , as well as the continued development of consumptionbased Network as a Service ( NaaS ) solutions ,” he says .
“ This cloud-based NaaS growth is fuelling the expansion and development of API Market capabilities . We ’ re having conversations with customers about
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