5G investment set to soar, yet more than half of enterprises lack confidence to implement, finds EY study - Seite 2

Adrian Baschnonga, EY Global Telecommunications Lead Analyst, says:

"It's clear that enterprises now want consultative dialogue that delivers business outcomes through end-to-end solutions. 5G providers need to reinvent themselves as trusted partners, prioritizing access to an ecosystem of competencies that can deliver 5G capabilities at scale. Delivering actionable solutions that encompass the full spectrum of enterprise needs – from use case creation to cybersecurity – will be critical in the long-term."

Geographically, US enterprises lead the 5G adoption curve according to the study, with 19% currently investing compared with 13% in Europe. Just 10% of Asia-Pacific enterprises are currently investing, despite representing the highest level of planned expenditure over the coming year. Overall, US enterprises are set to remain ahead, with almost half (48%) planning to invest within the next 12 months, compared with 43% in Asia-Pacific and 38% in Europe.

The energy (23%) and technology (22%) industries are currently 5G investment leaders, with health care (61%) and financial services (58%) organizations projected to emerge as the biggest investors within three years.

Notes to editors

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About the study

EY surveyed 1,012 enterprises in September and October 2019. Respondents were drawn from multiple industry verticals and geographies. Themes explored include: emerging technology spending intentions; enterprise IoT and 5G-IoT use cases; IoT and 5G organizational priorities; and the challenges facing enterprises in relation to 5G. Additional insights on the status of 5G-IoT adoption among enterprises and their evolving relationship with 5G-IoT providers have been contributed by EY teams. To read the study in full, and for the latest insights from across EY Technology, Media & Entertainment and Telecommunications, visit ey.com/tmt.

Michael Curtis
EY Global Media Relations
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