Cloud adoption is accelerating worldwide: Forbes calculated the compound growth rate of cloud computing at a staggering 19 percent, meaning that its market value will rise from USD 67 billion in 2015 to USD 167 billion in 2020. The Middle East is at the forefront of this trend. Experts forecast that by 2020, there will be a 440 percent increase in datacenter traffic in the region. It is only a matter of time before the cloud supports the whole world.

Read more: Huawei: The intelligent cloud for digitalization of the Middle East

Nokia says that 5G will be a key-enabler for what it is labeled as the 'Fourth Industrial Revolution' and that the next-generation technology has the power to completely transform societal norms in sectors such as manufacturing, transportation, energy and healthcare. Telecom Review managed to secure an exclusive interview with Head of Customer Marketing and Communications, MEA at Nokia, Joachim Wuilmet during GITEX Technology Week.

Read more: Nokia emphasizes 5G is now primarily the technology for industry and Internet of Things

BridgeWave Communications, a market leader in the development and deployment of high capacity microwave and millimeter wave backhaul and front-haul solutions, is set to accelerate its growth and footprint in the Middle East following the regional launch of its NAVIGATOR DT systems at GITEX Technology Week.

Read more: BridgeWave set to accelerate growth in the Middle East with introduction of new products at GITEX

Telecom Vendors
Typography

In a new report from Ericsson, ICT players who leverage 5G to digitalize industries can capture business worth 6.5 billion US dollars by 2026 in UAE.

The report is titled "The 5G business potential - Industry digitalization and the untapped opportunities for operators" and it analyzes the 5G business opportunity that comes from industrial digitalization, focusing on eight key global industries, including: manufacturing, public safety, financial services, healthcare, automotive, public transport, media and entertainment and energy and utilities.

For telecom operators who address industry digitalization, Ericsson foresees revenue potential of USD 3.1 billion by 2026 in UAE (for telecom operators only).

The report shows that manufacturing and energy/utilities sectors represent the biggest opportunity for revenues created or enhanced by 5G. To capture this market potential requires investment in 5G technology, but also business development, go-to-market models and organizational adaptation. To leverage the power of 5G technologies, operators need to rethink their role and what value to deliver, and what business models to use.

The fast-paced change in business ecosystems and disruptive technological advances affect vertical industries to different extents. As the world becomes ever more digitally and globally connected, industries are experiencing an ICT-driven transformation. For operators, traditional methods of revenue are slowing; however, the market for industrial digitalization is only just beginning.