The rollout of 5G technology presents numerous opportunities for monetization across various industries. Here are some ways in which 5G can be monetized:
Mobile Network Operators: 5G presents a major opportunity for mobile network operators to increase revenue. With 5G, mobile operators can offer faster internet speeds and lower latency, which can lead to increased data consumption by customers. This could result in more revenue from data usage plans, as well as new revenue streams from offering additional services like IoT connectivity, edge computing, and enterprise services.
IoT and Smart Cities: 5G provides a foundation for IoT devices to operate at higher speeds and with lower latency. This opens up opportunities for IoT solutions and smart city initiatives. For example, 5G could enable autonomous vehicles, which could be monetized through subscription services or usage-based fees.
Content providers: The higher speeds and lower latency of 5G networks can enable more immersive and high-quality video content, gaming, and other entertainment services. This could lead to new revenue streams for content providers through subscription-based models or pay-per-use.
Edge Computing: 5G can also support edge computing, which involves processing data closer to the source rather than in a central cloud. This can provide faster response times and reduce network congestion. Edge computing services could be monetized through subscription-based models or pay-per-use.
Industrial Applications: 5G can enable a wide range of industrial applications, such as robotics, automation, and remote monitoring. These applications could generate new revenue streams for industrial companies through subscription-based models or pay-per-use.
But what is going to be MNO/MVNO role in 5G, depends on local market conditions, each Mobile network operator might have a different strategy. We have identified at least the following monetization opportunities for MNOs:
Mobile Network Operators (MNO) and Mobile Virtual Network Operators (MVNO), monetizing 5G.
Mobile network operators (MNOs) can monetize 5G in several ways:
Charging for increased data speeds: 5G promises much faster data speeds than 4G, which can enable MNOs to charge more for data usage. This can be particularly beneficial for high-bandwidth applications like video streaming, online gaming, and virtual reality.
Offering new services: 5G can enable MNOs to offer new services that were not possible with previous generations of wireless technology, such as remote surgeries, smart city applications, and connected cars. MNOs can charge customers for these new services and generate additional revenue streams.
Providing enterprise solutions: 5G can help MNOs provide enterprise solutions to businesses, such as augmented reality (AR) and virtual reality (VR) for training, real-time monitoring of supply chains, and autonomous robots for manufacturing. MNOs can charge businesses for these solutions, which can generate significant revenue.
Network slicing: 5G technology enables MNOs to create virtual networks, known as network slicing, that can be tailored to specific customer needs. MNOs can charge customers for access to these custom networks, which can improve the customer experience and generate additional revenue.
Partnership with industry verticals: MNOs can form partnerships with industry verticals, such as healthcare, retail, and transportation, to develop and offer 5G-enabled solutions specific to their needs. These partnerships can generate revenue from the sale of these solutions and drive the adoption of 5G technology.
Overall, 5G technology can offer significant revenue opportunities for MNOs.
Charging 5G with existing OCS
If your challenge as an MNO is related to charging, we might be able to help you.
Our EMS (EmblaCom Mobility Suite) is a carrier-grade platform, used by several MNOs to manage millions of subscribers every day. EMS identifies the traffic source, subscriber information, and service types. EMS supports 3G, 4G, and 5G. Charging rules can be created according to business rules. Charging rules are very flexible and defined through an easy-to-use GUI.