4 factors that can push Singapore to be a frontrunner in 5G rollout
The city-state's telco players are already on the move.
Singapore's favourable regulatory environment can pave way for it to be a leading player in 5G implementation.
According to BMI Research, the recent announcement of Info-communications Media Development Authority (IMDA) that waives frequency fees for 5G network trials goes to show how committed the city-state is to drive 5G uptake.
More so, Singapore's telco operators are all collaborating with firms on 5G trials, with Singtel conducting trials with Ericsson, and Starhub and M1 in partnerships with Huawei.
"We expect Singtel's strong position in the market and the added competition brought by new entrant TPG to support the push for 5G. The pace of take-up will depend on how attractive plans are, and whether or not they support the migration of customers," BMI Research said.
Meanwhile, it also pointed out the city-state's highly mature mobile market, which is driven by converged services and the upselling of premium value-added services.
"With 3G/4G penetration nearing 100% in 2017, low organic subscriber growth prospects, and a strong consumer appetite for data services and premium products, we expect consumer readiness to be ripe once 5G is commercialised," BMI said.
Lastly, Singapore's Internet of Things (IoT) push supports 5G take-up, as the technology's greater speed and lower latency will help with the quality of smart city applications and IoT services such as connected cars and robotics.
"Enterprise will, therefore, have a key role in driving 5G in Singapore, and in turn, IoT solutions will take a more prominent space for operators. Security risks will be the main hurdle to overcome," BMI explained.