The research and consulting firm reports that connectivity will play a vital role in enabling the second wave of digital transformation. This time, the digital economy will see the adoption of cutting-edge technologies, such as IoT, cloud computing, and analytics, impacting a much larger number of industrial sectors. Processes across entire business ecosystems will be monitored, analyzed, and optimized in ways never before seen.
Some findings to mention include: that fixed broadband will continue to be an important part of the network landscape until 2025. Looking ahead to the next five years, Ovum forecasts that there will be 962.3 million fixed broadband subscriptions globally by 2020, representing 43.5% household penetration.
Meanwhile, wireless broadband will focus on LTE by 2025. Even with 5G in full swing by 2025, LTE (and LTE-Advanced) will remain a very important part of the wireless ecosystem. In 2020, even 3G will still account for almost half of the world's mobile subscriptions, but LTE will be contributing another third.
Steven Hartley of Ovum comments: "The demand for connectivity will rise as more devices demand more bandwidth in more places. The challenge for communications service providers (CSPs) will be to deliver that connectivity with sufficient quality at a viable cost.".
