Indian IT service providers have to tap a gold mine worth $30 billion once the 5G services are rolled out. IT firms must focus on network modernisation and equipment creation. In the next step, they will have to implement IoT or Internet of Things. As we have already observed there is a move towards OpenRAN for 5G. It will create opportunities for system integration and testing.

Many new products and services are likely to emerge. There are going to be new capabilities at the intersection of multiple industries. There are opportunities in high definition video conferencing. There are areas like Software-As-a-Service which fosters immersive applications for remote healthcare and immersive learning experiences. There is going to immersive experience around gaming and sport events. There will be increased automation on the shop floor. There are going to be automated guided vehicles (AGVs).