FinancialBuzz.com News Commentary
NEW YORK, June 28, 2022 /PRNewswire/ -- The implementation of 5G continues to grow quickly. The two main factors contributing to the swift adoption of the technology are the constant construction of 5G infrastructure and the growing use of smartphones around the world and particularly in developing economies. According to research by J.P. Morgan, Northeast Asia is leading the global adoption of 5G technology. Additionally, 5G adoption is projected to help accelerate the Internet of Things (IoT) in the region. By 2025, Japan and South Korea are expected to see 150 million IoT connections, which is +29% in terms of compound annual growth rate (CAGR). China, meanwhile, is expected to see 2.5 billion connections (+13% CAGR). uCloudlink Group Inc. (NASDAQ: UCL), AT & T, Inc. (NYSE: T), Marvell Technology, Inc. (NASDAQ: MRVL), DISH Network Corp. (NASDAQ: DISH), SK Telecom Co.,Ltd (NYSE: SKM).
5G is also expected to affect various other innovative tech sectors, like the AR/VR market and the cloud computing industry. Generally, the global market for cloud computing is being propelled forward by newly emerging technologies such as big data, artificial intelligence (AI), and machine learning (ML). Meanwhile, the expansion of cloud computing services has grown due to several factors such as the protection of sensitive data, the acceleration of disaster recovery (DR), and the fulfilling of regulatory mandates.
uCloudlink Group Inc. (NASDAQ: UCL) announced last week breaking news that, "the Company's operating subsidiary, HONG KONG UCLOUDLINK NETWORK TECHNOLOGY LIMITED has inked an agreement with SAN VENTURE SERVICE GMBH ("SAN Group"), a biotechnology company headquartered in Austria. Under the agreement, SAN Group will utilize UCLOUDLINK's data connectivity services and related products to allow its employees to have access to high-quality data connections at anytime and anywhere. UCLOUDLINK has been the partner for various companies across Europe such as in the financial and car rental industries, as UCLOUDLINK continues to broaden its user base in Europe.
As the leisure and corporate travel gradually recover, UCLOUDLINK's data connectivity services and related products will support SAN Group's employees with seamless data connection while working remotely or on international business trips - allowing them to obtain a high-quality data connection while reducing the cost of roaming. Like SAN Group, enterprises with a large number of employees who travel internationally frequently, now can address their employees' mobile data connectivity issues with UCLOUDLINK's solutions, which ensure a reliable, high-quality and innovative mobile data connection, allowing them to drive greater efficiency and maximize business-trip returns.
Furthermore, UCLOUDLINK has also engaged in continued research and development to strengthen its technical advantages. UCLOUDLINK has developed global 5G roaming solutions which enable users to enjoy high-speed and reliable data connectivity services worldwide. Meanwhile, by leveraging its patented cloud SIM technology and hyper-connectivity solution, UCLOUDLINK's PaaS and SaaS platform will help improve data connectivity services and bring convenience to all its users and business partners from different industries.
To fulfill the increasing demands from more and more enterprises for faster and better data connectivity services used locally and internationally, UCLOUDLINK will continue its ongoing business strategy of consciously shifting its business focus to the development of PaaS and SaaS platform centric service and ecosystem, enabling its business partners and users to transform from "connected" to "better connection" with its core innovative technologies, extensive solutions, services and related products."
AT & T, Inc. (NYSE: T) announced in a blog post on June 7th, participation in the Department of Defense Demonstration of 5g-enabled Smart Warehouse Solutions at Naval Base Coronado. The demonstrations occurred at Naval Base Coronado in San Diego where the smart warehouse concept is being explored by DoD. AT&T's private 5G network at the base delivered data throughput speeds of 3.9 gigabits per second with less than 10 milliseconds of latency when powering the demonstrations. Lance Spencer, Client Executive Vice President - Defense, AT&T Public Sector and FirstNet said, "The AT&T 5G-powered solution we've delivered at Naval Base Coronado is a first of its kind, high-performance, highly secure, and scalable private network solution. We expect it will serve as the foundation for improved efficiency, timeliness, accuracy, security, and safety of Naval warehouse operations."
Marvell Technology, Inc. (NASDAQ: MRVL) announced on May 9th, a definitive agreement to acquire privately-held Tanzanite Silicon Solutions, Inc., a leading developer of advanced Compute Express Link (CXL) technologies, in an all-cash transaction. Marvell's on-going data center-focused investments, including in its CXL solutions, have expanded the company's addressable market to advance the industry's most comprehensive portfolio of cloud-optimized silicon solutions. With today's announced acquisition, Marvell strengthens its CXL development initiatives. "We believe that CXL will be a significant game-changer in enabling optimal resource utilization in next generation data centers, and the acquisition of Tanzanite advances our abilities to address our customers' most challenging issues," said Dan Christman, Executive Vice President, Storage Products Group, Marvell. "Marvell's investment underscores our commitment to deliver on the promise of CXL across our industry-leading cloud portfolio spanning compute, electro-optics, networking, security and storage."
DISH Network Corp. (NASDAQ: DISH) announced on June 15th, 5G broadband service availability to over 20% of the U.S. population. "This is a big moment for DISH as we connect customers across the country with America's first and only cloud-native Open RAN network," said Dave Mayo, Executive Vice President of Network Development, DISH Wireless. "This milestone was achieved through the collaboration, ingenuity and hard work of the DISH team and our numerous partners, including AWS, Cisco, CommScope, Dell, Fujitsu, Intel, JMA, Mavenir, Nokia, Oracle, Palo Alto, Qualcomm, Samsung and VMware. We're the only major network in the world built primarily with American vendors." "This is an important step forward in our work to connect Americans to our Smart 5G network, but it's only the beginning," said John Swieringa, president and chief operating officer, DISH Wireless. "We continue to focus on building out more coverage and bringing innovative 5G services and solutions to our customers."
SK Telecom Co.,Ltd (NYSE: SKM), in collaboration with Dell Technologies, announced on March 28th, that it has launched an enterprise 5G mobile edge computing (MEC) solution named 'Petasus', and aims to gain an edge in the global MEC market. "Our collaboration with SK Telecom gives enterprises the capability to quickly act on data at where it resides, at the edge, to deliver better business outcomes," said Dennis Hoffman, Senior Vice President and General Manager, Dell Technologies Telecom Systems Business. "By combining the power of edge computing with private 5G, businesses can develop new revenue-generating services and better customer experiences." "Our 5G MEC technology has a huge potential as it can help boost the adoption of 5G services across the globe," said Jihn-woo Kim, Vice President and Head of Global Business at SKT. "We will make accelerated efforts to enrich the global 5G MEC ecosystem by working closely with Dell Technologies to develop industry-leading technologies and introduce diverse products, and expanding into the software-as-a-service business in partnership with many Korean and overseas companies."
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