5G Americas Sees Major Business Opportunity Through Open APIs
5G Americas' white paper said Thursday the wireless industry is undergoing a significant shift as carriers expose their application programmable interfaces (APIs) as a major business opportunity. Citing a recent McKinsey report, 5G's paper said, “this technology transition can produce…
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between $100-$300 billion industry-wide revenue over the next 5 to 7 years.” In addition, 5G noted: “To unlock this huge opportunity and generate returns on the sizable investments made in the network infrastructure, the industry needs to grow an ecosystem involving developers, enterprises, hyper-scalers, vertical industry players and vendors while engaging in new market structures such as aggregation and federation.” Viet Nguyen, 5G Americas vice president-PR and technology, said carriers are moving away from viewing their networks as “dumb” pipes. “There is a quiet revolution going on in the telecommunications industry that is introducing intelligence into those pipes and evolving 5G networks into something much more significant,” he said. “5G networks are becoming programmable, software-driven architectures supported by a robust ecosystem” of APIs.