5G Network Slicing - How To Create New Monetization Opportunities?

Jul 23, 2022

We all know that 5G offers an accurate value in terms of speed, network, and user experience. We all are using and talking about an ever-increasing number of gadgets, intelligent houses, remote procedures, smart assembling, and considerably more. The conceivable outcomes are too much.

5G has the potential to revolutionize things and will graph an alternate and significant journey for the CSPs, and network slicing is a significant component of this journey. Network slicing is a network architecture that permits different virtual networks to be made on top of an ordinarily shared physical framework. In the hyper-associated world, each service requires various levels of network bandwidth, speed, or latency. With network slicing, you can separate the network into multiple slices, which can work as a disengaged end-to-end network that is custom-made to match the specific prerequisites of the application running on it. Administrators can set Service Level Agreements (SLAs) on a per-slice basis to ensure the Quality of Service (QoS) to their clients.

As 5G rolls out across the world, new open doors arise for CSPs to foster new plans of action, use cases, and applications that use 5G's high speed, low latency, and consistently portable connectivity. Network slicing offers advantages to both the administrators and its clients. As each slice is managed and coordinated independently, it offers more prominent network adaptability by advancing both productivity and resource allocation. The administrator can maximize the network assets and lessen network congestion. The end buyers will partake in a consistent encounter because of the better-improved quality of service.

5G monetization alludes to the techniques, plans of action, and strategies that CSPs should set up to acquire income from their infrastructure investments.

A large number of the 5G enterprise use cases spin around the capacity of CSPs to team up and co-develop with the accomplice biological system. A successful partner ecosystem can assist CSPs with better supporting their clients' developing requirements with additional, comprehensive arrangements, using 5G and other cutting edge innovations like cloud, IoT, Artificial Intelligence, Drones, Augmented Reality (AR), and Mixed Reality (MR) and considerably more.

Significant Industry Use Cases For 5G Monetization

(1) Oil and Gas: Oil and gas companies can utilize 5G to check whether their stacks are getting excessively hot and review the confidential property to guarantee no unapproved vehicles have intruded inside. These permit them to get ahead of potential hazards or security breaks before they occur.

(2) Medical Services: If a patient has a persistent disease, a mix of IoT and 5G can assist providers with checking a patient's condition somewhat progressively outside of a healthcare facility. In the event that there are any anomalies found, the provider can contact the patient in quick time and suggest the proper strategy, further developing well-being results.

(3) Manufacturing: A manufacturer can utilize 5G to monitor the campus and production lines by streaming constant information, and they can monitor exceptional cases on the production line, deal with those exemptions, and correct them.

(4) Automotives: Through 5G, vehicles can be empowered with features that will uphold direct correspondence between vehicle-to-vehicle, Vehicle-to-Infrastructure (V2I), and Vehicle-to-Network (V2N).

(5) Smart Cities: Smart urban cities are expected to bring new opportunities for CSPs. As a key network supplier, operators can use 5G innovations to empower mass digitization of explicit public services. Even the police officers are provided with smartphones so that they send great voice recordings and provide information for emergency services for states or any area in the event of any crime and track the phone locations.

(6) Gaming: New gaming innovations have become a part of our day-to-day life, out of which Augmented Reality/Virtual Reality has stood out. It offers numerous fun & exciting experiences to the gamers and gives conveniences to telecom suppliers in the AR/VR environment to monetize from 5G frameworks empowered with AR/VR.

According to Mr. Basem Barry, founder & CEO of the B A Barry Group, 5G will acquire numerous uncommon use cases as CSPs go ahead with their offering. Therefore, the future adaptation stage should be spry and configurable to meet the unique prerequisites of network slicing. While arranging their adaptation system, CSPs need to consider network slicing according to the necessity of the client and the way things will develop from capacity-based slices to service-driven slices and ultimately to application-driven slices.

5G will set fascinating opportunities for CSPs, and with network slicing, it will further develop the QoS conveyed to clients. Yet, they need to reevaluate the network monetization and make new income streams. This will require another methodology and creating some distance from the legacy framework towards a more light-footed and dynamic arrangement that can uphold the enterprise customer demands.