Huawei, a global provider of communications equipment and services, hosted the 5G Beyond Growth Summit at Mobile World Congress Barcelona 2024.
At the summit, Li Peng, Huawei’s Corporate Senior Vice President and President of ICT Sales & Services, will discuss how carriers will respond to the evolving 5G environment and leverage the coming 5.5G era to achieve new growth. He shared his insights on how opportunities can be unlocked.
In his speech, Li Peng said, “5G shows the path to business success.” Since its commercialization in 2019, 5G has rapidly gained 1.5 billion users worldwide in the past five years. This is a feat that took him nine years to accomplish with his 4G predecessor. Currently, his 20% of the world’s mobile subscribers are his 5G users, and mobile generates his 30% of his traffic and contributes to 40% of mobile service revenue.
Li Peng emphasized that 5.5G commercialization is imminent in 2024, and the convergence of artificial intelligence (AI) and cloud technology will be critical to unlocking new applications and capabilities for carriers around the world. He emphasized that.
He outlined key focus areas for carriers to seize these opportunities, including high-quality networking, multidimensional monetization, emerging services, and generative AI.
High quality network:
Mr. Li Peng emphasized the importance of high-quality networks as the foundation for business success in the 5G era. Operators that invest in an optimal network experience see an increase in traffic and revenue streams. Significant success in the Middle East, where carriers deployed massive MIMO networks, led to successful deployments of 5G fixed wireless access (FWA), connecting millions of households and driving revenue growth.
Multidimensional monetization:
Li Peng emphasized the importance of innovative pricing models, noting that more than 20% of the world’s 5G carriers have adopted speed-based pricing strategies. Case studies in Thailand and China have demonstrated the effectiveness of such models, allowing carriers to increase average We are witnessing a significant increase in revenue (ARPU).
Emerging services:
The summit explored the rise of new services such as New Calling and cloud telephony that are gaining consumer interest. Li Peng highlighted the value-added features of his New Calling, such as virtual avatars, and said that consumers are willing to pay for real-time experiences, such as a one-stop car insurance claims service. I emphasized.
Generative AI:
Looking ahead, Li Peng discussed the transformative role of generative AI in shaping the future of the mobile industry. IDC’s forecasts suggest that global AI mobile phone shipments will skyrocket by 2024, creating new opportunities for carriers through data-driven applications and enhanced user experiences.
The 5G Beyond Growth Summit served as a platform for industry leaders to strategize and collaborate to leverage emerging technologies to drive sustainable growth in the mobile industry. As the world prepares for the commercialization of 5.5G, Huawei remains at the forefront, helping carriers adapt to the evolving landscape and unleash the full potential of next-generation networks. We support.
