Wireless Wealth: Capitalizing on the 5G Technology Frontier

Heavy demand and reduced traditional revenue sources have made tremendous financial pressure on the telecommunication industry. The purpose of this study is to provide an understanding of strategic importance and monetization strategies of 5G using a case study approach. Secondary market research is carried out for the global and Indian telecom market, to find out the direction, forecast, and market readiness about 5G. The paper identified and studied different use cases and business models proposed by original equipment manufacturers (OEM), and research organizations. The paper discusses the new revenue streams that can be generated through new technologies in areas like managed services, IoT applications, partner ecosystems, etc. 5G support these new technologies and will help telecom service providers gain new revenue streams. Based on research output, the study proposed six different business models that will help CSPs to capitalize on their resources.