The advent of 5G could create 3 million new jobs and add about $500 million to the US economy over seven years, according to a report by Accenture. Ultra-broadband is an integral component -- and beneficiary -- of the next-generation wireless networks.
Over the next seven years, service providers will invest up to $275 billion in infrastructure as part of their 5G buildouts, says Accenture Strategies in Smart Cities: How 5G can help municipalities become vibrant smart cities. This investment should generate 350,000 new construction jobs and up to 850,000 jobs within partners and suppliers, ultimately creating 2.2 million positions due to 5G, finds the report, which was commissioned by CTIA .
A National Force
Investment in ultra-broadband and 5G will benefit communities of all sizes, says the Accenture report. (Source for both charts: Accenture)
"This has been consistent with what we've seen with the adoption of 2G to 3G, 3G to 4G; you've always seen an increase in net-new jobs," Tejas Rao, managing director and Mobile Offering Network lead for the North America practice at Accenture , tells UBB2020 in an interview.
To harness 5G's speed and capacity and meet increased customer demand, service providers must deploy antennas in ten to 100 times more locations than for prior wireless standards. Hundreds of thousands of new, shoebox-size small cells are a necessary component for fully leveraged 5G. Simultaneously, cable operators will need to upgrade their hybrid fiber-coax (HFC) networks and move towards fiber-to-the-home (FTTH) architectures to support growing video and Internet of Things (IoT) needs. These combined drivers will generate more cooperation between the two types of providers, says Rao.
"We're going to have to see some partnerships start to form to make [small-cell] economical. There's a fairly big cost in putting these towers out there, both in the cell tower and also in the backhaul network," he says. "[Cable operators] see their ability to upgrade their own networks as an enabler to small cell even in hotspots and a set-up for the future foundation of 5G when it is deployable."
Cable companies have more visibility into permitting, getting right-of-way access and other factors required for physical deployment, says Rao. They often view IoT as an entry into wireless that complements FTTH investments for connected homes, he adds.
"The upgrade of their networks and putting in deep fiber is one of the requirements to connect to cell towers. They're already deploying for FTTH," says Rao. "This is a great way to get into this space. The fact they're already laying in fiber is a building block."
New short- and long-term cable jobs related to 5G will range from backhaul positions to IoT specialists, sales professionals to software engineers.
On Jan. 23, Broadband World News hosts a Calix-sponsored webinar that explores several ways CSPs can enhance customer experience and find new business opportunities to avoid devolving into a speed race where nobody wins, not even the customer.
As the pool of savvy, fiber-rich operators across the US rural and regional landscape wanes, the financial community will grow even more interested in acquiring or investing in them, a CoBank report says.
It wasn't long ago that TV was ranked by subscribers as the most important service in the bundle provided by their communications service provider (CSP). Recent research indicates that for nearly three quarters of subscribers, broadband is now the most important service. Broadcast TV is the most important service to only 15% of North American consumers, replaced by OTT video streaming platforms like Netflix, Amazon Prime and Disney+. In addition, many different competitors are moving aggressively to stake a claim in consumers' homes.
In 2020, CSPs need to fight back by transforming their business models, which are becoming more reliant on a single source of revenue: fixed broadband services.
This webinar will focus on helping CSPs transform their business models by placing a firm focus on delivering a sensational subscriber experience and by offering compelling new services that generate value for subscribers. These actions will reinforce the CSP's strategic position in the home network and position themselves for growth in the next decade.
Key topics include:
Being the first to market with WiFi 6 technology, in response to consumer purchases of new devices over the holidays;
Having the insights needed to proactively resolve issues, often before your subscribers even know that there are issues;
Providing help desk agents with the visibility they need to resolve common subscriber issues more quickly;
Delivering a mobile app, in response to consumer demands for the ability to do some things themselves, rather than having to call technical support; and
Addressing consumer concerns around device security, privacy and control with enhanced security and parental controls.
In this insightful Light Reading radio show, Kurt Raaflaub, Head of Strategic Solutions Marketing, will outline the key service provider challenges, deployment considerations, next-gen Gigabit technologies, and service models to win market share in the rapidly growing MDU market.