SMART ENERGY
GAINS TRACTION IN ENERGY TRANSITION
ommunications service providers ( CSPs ) have been busy accelerating 5G development in the last two years .
While 10 % of CSPs in 2020 provided commercialisable 5G services , Gartner predicts that this number will increase to 60 % by 2024 , which is a similar rate of adoption for LTE and 4G in the past .
While remote working has spurred much of the new business and consumer demand , developments are accelerating in the energy sector , which is busy grappling with volatile supply-demand dynamics and decarbonisation demands .
The global 5G enterprise market will reach US $ 83.45bn by 2031 , growing by 36.5 % annually over 2021-2031 , driven by rising demand for efficient communication and increasing penetration of 5G networks , emergence of Industry 4.0 , the development of smart infrastructure , and delivery of differentiated 5G services , according to ResearchAndMarkets . com .
5G-enabled use cases are projected to make up to a 20 % contribution toward the US ’ carbon emission reduction targets by 2025 , according to a new Accenture study commissioned by CTIA , the wireless industry
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