5G monetization for the new digital economy
The 5G economy is one of incredibly high customer expectations, increasing innovation and competition from unexpected players and new business paradigms enabled by the performance and flexibility of 5G networks. Only by adapting to these paradigm shifts can Communications Service Providers (CSPs) implement 5G monetization achieve recurring revenue and maximize the return on their investment. 5G services will build on connectivity with capabilities such as guaranteed latency and bandwidth, network slicing, and edge computing resources to support complex use cases and business models.
What is 5G monetization? From network slice to IoT monetization
The 5G economy creates new revenue opportunities and enables a new breed of use cases and business models including network slice monetization and network as a service (NAAS) offerings, IoT monetization and new business models for B2B2X services. These cannot be easily monetized with legacy Business Support Systems (BSS) solutions due to their monolithic architectures and limited flexibility. Monetization solutions for the 5G era are flexible to support a wide range of business models and ecosystem partners to drive new revenue.
5G monetization challenges
With the advent of the very nature of the services being charged for is changing dramatically, and so monetizing IoT and other 5G services poses its own set of challenges:
- 5G services are expected to be more complex than 4G services, with more components making up each service. A greater volume of service usage is also expected across all three 5G service families. As a result, the volume of transactions to be handled by monetization systems is expected to be orders of magnitude greater than what is currently handled by legacy systems.
- The volume of transactions to be handled by the monetization system is expected to exceed what legacy systems can currently handle.
- Many of the enterprise services defined thus far suggest that the 5G service provider requirements for cost per charging transaction will be substantially lower due to the low margins on each service.
- Many 5G services will be delivered in conjunction with partners and will require service providers to extend beyond their normal connectivity provider role.
How to solve 5G monetization challenges
The path to 5G monetization
CSPs are now focusing on evolving these legacy monetization systems to effectively monetize 5G and gain a return on their investment in the network rollout with 98% of CSPs planning to alter their BSS to better support 5G. When it comes to 5G revenue growth areas, enterprise services and the B2B2X business model as well as an ecosystem approach will drive this. Roughly 60% of new revenue will come through the B2B2X business model highlighting the importance of partners and an ecosystem approach with 2/3 of enterprise opportunities requiring an ecosystem of partners. The tide is also beginning to change when it comes to CSP willingness to deploy monetization systems in the cloud with 70% of CSPs now willing to deploy on the public cloud.
|Part 1 : AND-403: Monetize Android Applications|
|Part 1 : AND-403: Monetize Android Applications||00:50:00|
|Part 2 : AND-403: Monetize Android Applications|
|Part 2 : AND-403: Monetize Android Applications||00:50:00|
No Reviews found for this course.