FINAL WORD
transportation systems . Smart Cities benefit from improved resource management , reduced traffic , increased energy efficiency and enhanced public safety .
Due to the rapidly developing landscape of Latin America , the limitations of traditional city management are rising quickly . As urbanization spreads throughout the area and the world , addressing issues
Currently , 85 % of Latin American responders believe that the introduction of 5G technology in the region will help bridge the digital gap by connecting a greater number of people . such as population growth , resource management and environmental sustainability is critical . Many Latin American countries are embracing Smart Cities as a fresh approach to urban development and a possible road ahead in addressing these serious concerns .
In Latin America , telco operators have vital capabilities in 5G networks , big data analytics and cloud computing , making them important contributors to the creation of Smart City infrastructures . Given the specific constraints of developing Smart Cities in this region , it is critical to investigate how operators may efficiently deliver network infrastructure and connectivity services . They must also facilitate the development of a collaborative ecosystem in which stakeholders interact , govern , and share the benefits . It is also critical to collaborate with ecosystem partners to develop intelligent applications . Addressing these issues will be essential for telecom operators involved in Smart City development in the 5G era .
5G and IoT surge : Shaping the future of Latin America ’ s digital landscape
According to reports by Statista , the number of mobile internet users in Latin America was expected to reach 383 million by 2022 , representing more than half of the region ’ s population . Currently , 85 % of Latin American responders believe that the introduction of 5G technology in the region will help bridge the digital gap by connecting a greater number of people . It ’ s expected that by 2025 , Brazil , Mexico and Chile will account for approximately half of Latin America ’ s 5G mobile connections .
Meanwhile , the number of Internet of Things ( IoT ) connections in Latin America is predicted to nearly triple by 2025 , with Smart Homes accounting for the majority of new connections , topping 23 million by 2025 . Latin America ’ s Smart Home revenue is estimated to hit US $ 4 billion by 2026 .
Although there have been advancements in digital infrastructure , the region still struggles with supply and demand issues that prevent it from undergoing a full digital revolution . In order to expand connectivity , countries in Latin America must invest in 5G networks , private networks , data centres , and fibre optics . The region has a lot of promise , but it needs to become more strategic in allocating its resources and building up its infrastructure to the point where it can support long-term economic growth .
Large cities in Latin America have a significant chance to implement complete Smart City solutions thanks to 5G . Ignoring the potential of 5G is to miss a considerable opportunity . The infrastructure of a city is crucial to the advancement of its citizens because it promotes the value of digitally transformed utility services and the usage of e-government tools . This improves the capabilities of the people and expands the digital ecosystem .
The immersive technologies that will elevate digital experiences are the foundation of the 5G opportunity in Latin America , and to be competitive in the rapidly evolving global economy , all enterprises must explore Digital Transformation driven by 5G technology . •
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