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. https://www.thefastmode.com/mobile-data-services-trends/13515-5g-to-drive-1-3-trillion-in-new-revenues-in-media-and-entertainment-industry-by-2028-say
blog article
5G TO DRIVE $1.3 TRILLION IN NEW REVENUES IN MEDIA AND ENTERTAINMENT INDUSTRY BY 2028, SAYS INTEL
Over the next decade (2019-2028) media and entertainment companies will be competing to win a share of a near $3 trillion cumulative wireless revenue opportunity, according to the newly released report commissioned by Intel and conducted by Ovum.Experiences enabled by 5G networks will account for nearly half of this revenue opportunity (close to $1.3 trillion).“5G will inevitably shake up the media and entertainment landscape. It will be a major competitive asset if companies adapt. If not, they risk failure or even extinction. This wave of 5G transformation will not be the purview of any singular industry, and now is certainly the time for all business decision-makers to ask: Is your business 5G-ready?”–Jonathan Wood, general manager of Business Development & Partnerships, 5G Next Generation and Standards at Intel.The report says that as early as 2025, 57 percent of global wireless media revenues will be generated by using the super-high-bandwidth capabilities of 5G networks and the devices that run on 5G. The low latency of these networks means that no video will stall or stop – livestreaming and large downloads will happen in the blink of an eye. READ MORE