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Sherif Hamoudah

ME adoption of 5G to back $164bn IoT market

BARCELONA, Spain, February 23, 2016

Middle East telecoms’ adoption of 5G will support the global $164 billion Internet of Things (IoT) market by 2018, one of the world’s leading technology companies announced at Mobile World Congress in Barcelona, Spain.

The Internet of Things era will see 50 billion connected devices by 2030, with ultrafast gigabit-speed 5G mobile broadband transforming services, from driverless cars to virtual reality government.

Demonstrating the strong market opportunity, 34 per cent of telecom revenue will come from new digital services. However, while 80 per cent of telecoms said a real-time platform is a “top priority”, only 65 per cent have implemented it, according to a recent SAP report.

“The Middle East’s digital transformation requires real-time insights by all stakeholders to enhance people’s daily lives and drive new sources of revenue. In the Middle East, 2016 is the tipping point for telecoms to adopt the real-time Big Data analytics that will form the foundation for digitization,” said Sherif Hamoudah, head of Telco - Mena and Turkey, SAP.

At the SAP stand, five interactive showcases include the SAP Digital Boardroom on the S/4HANA real time business platform; the immersive Big Data GigaPixel Wall; the Digital Framing Experience using IoT technologies; the Digital Customer Experience; and a connected car with Samsung and SEAT.

Supporting young telecom talent, SAP is hosting a mobile app challenge with the European Space Agency, networking sessions with technology incubator RocketSpace, and an innovation jam on 5G. – TradeArabia News Service




Tags: SAP | internet of things | IoT | 5G |

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