With the advent of 5G, many communications service providers (CSPs) saw the potential for their revenue opportunities to open new avenues to grow their market share and increase revenue exponentially. 5G allowed networks to offer more bandwidth, better latency, and improve reliability among many other things. In an ever-growing-more-connected world, 5G seemed to be the link in the chain that was missing to make those connections.
Through new services such as enhanced video, live streaming, music and gaming, augmented and virtual reality, various wireless concepts, smart home systems, connected appliances and applications, and many more new consumer IoT (Internet of Things) services, 5G can facilitate end-to-end processes by connecting products, devices and equipment.
Advances in 5G can only help allow Mobility Intel to bring new user experiences and integration like never before to the Consumer Electronics market with our Networking Tool and Pricing Engine. Mobility Intel is able to connect existing interfaces with the Mobility Intel database in a streamlined process that makes it easy for the end user to use and benefit from the various platforms they are connected to. Real-time data generated by the interface will help the understanding of the usage of products, buying patterns of the consumer, opportunities for cross-selling and upselling, and deciding on flexible spending. Not only is the 5G era great for consumers and the convenience-lifestyle, but it drives competition in the market and that equals more revenue for the providers and better prices for the consumers.
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Original Article: https://www.mobileworldlive.com/exploring-new-revenue-opportunities-in-5g
