The appetite for 5G in Asia Pacific will continue to increase, with research firm Frost & Sullivan predicting the region’s 5G revenue to grow at a CAGR of 62.2% to reach US$23.89 billion in 2025.
At a Verizon Business event on May 5, Sampath Sowmyanaran, the company's chief revenue officer, highlights the trends that drive the demand for enterprise 5G globally. They include the increasing shift towards digital operations/ businesses, the convergence of IT and OT (operational technology that interacts with the physical environment), and the growing cyber risks.
These trends bring about changes to the role of the chief information officer (CIO). “In the past, CIOs focused on keeping the train running on time, [meaning that IT systems such as enterprise resource planning and emails need to work well].