With increasing government support, the APAC region is progressing well with the rollout of the 5G network. Currently, digital expenses across the business are predominantly allotted to artificial intelligence (AI), robotics, automation, and other emerging tech. Wang also mentioned that overall, almost 60% of those who have not made 5G investments yet are now planning to adopt the technology in the next three years. More than 50% of the survey respondents saw increased investments in 5G and Internet of things (IoT) technologies.Īs per the study, pandemic-induced disruption has led to a widespread focus on digital plans to support such fundamental shifts as the 5G tech market is still growing.ĮY Asean Tech, Media and Telecom lead Joongshik Wang explained that while 4G has essentially disrupted consumer technology, 5G will be ‘the game-changing technology for industrial transformation across all sectors.” The Reimagining industry futures study 2021 of more than 1,000 global enterprises revealed that almost 80% of APAC businesses are rolling out a 5G program or plan to do so in the next three years, compared to about 70% of businesses in the Americas and Europe.Īccording to the survey, more than 70% of the executives said the pandemic sped up their digital transformation plans, and 65% considered emerging technologies crucial to their company’s recovery from the health crisis.Īt the backdrop of these digital transformation initiatives is the 5G technology. A recent EY study shows that businesses in the area are at the forefront of 5G rollouts, with several 5G players popping up over the past couple of years. There has been an influx of interest in many countries for pushing for 5G technology, including emerging economies within the Asia Pacific (APAC) region. Chongqing, China, 5G already installed (Source: helloabc/)Īs the world grows increasingly reliant on wireless internet networks and devices to communicate and perform online tasks during the ongoing pandemic, the adoption of fifth-generation (5G) mobile services has become a paramount task globally.