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Press Release | 19 Jun 2019

5G will help start-ups compete with established companies, new research reveals

5G will help start-ups compete with established companies, new research reveals

A new report[1] from Vodafone reveals how 5G could pave the way for a new wave of start-ups, with 60% of those surveyed believing the technology will help them compete against more established rivals.

The report – launched at the official opening of the Vodafone Digital Innovation Hub at MediaCityUK, Salford – sought the views of start-up leaders across six industry sectors. Almost six-in-ten (58%) said 5G would enhance their competitiveness within two years, and more than half (56%) added that they expect it to change the way they operate their business.

There is growing anticipation for 5G among start-ups. 60% are eagerly anticipating its roll out and 54% are more excited by 5G than any other new enterprise technology. A fifth (20%) also think 5G represents the single biggest opportunity of all current and developing technologies, followed by cloud computing and cyber security.

Anne Sheehan, Business Director, Vodafone UK said: “5G will change the way we live our lives. The creation of cleaner, smarter cities, improved digital healthcare services, automated manufacturing and cloud-based gaming are just some of the areas that will receive a boost from 5G’s improved mobile data speeds, responsiveness and greater capacity. We are committed to helping entrepreneurial small businesses and start-ups take advantage of this technology by making it widely available across the UK. This is why we have ambitious 5G roll-out plans for 19 towns and cities this year and are the only UK company to offer 5G roaming this summer.”

Financial service companies in particular believe 5G will bring significant business benefits with respondents scoring higher than those in any other industry.

71% believe 5G, over and above any other technology, will help their business, and 76% think it could help newer businesses close the gap on established rivals. 81% reported they had to keep pace with technological change in order to be successful, compared with 67% across all industries.

Click here to read the full report. For further resources and information on 5G, please visit: https://www.vodafone.co.uk/business/5g

 

[1] Research carried out in May 2019

 

About the research

The survey was conducted by independent consultancy Alligator on behalf of Vodafone. 508 start-up decision makers – from retail & hospitality, construction & trading, manufacturing, professional services, financial services, media/digital/create and healthcare industries – were surveyed in May 2019.

About the Vodafone Digital Innovation Hub

The Go Beyond report was released to mark the official opening of the Vodafone Digital Innovation Hub in The Landing at MediaCity, Salford (see separate release here). Located within MediaCityUK’s 200-acre development, the Vodafone Digital Innovation Hub joins the likes of the BBC, ITV Granada, the University of Salford units and residential accommodation. It is also home to more than 100 start-ups.

 

About Vodafone UK

Vodafone UK is a technology communications company that connects people, businesses and devices to help our customers benefit from digital innovation. Our services span mobile, fixed-line connections, home and office broadband, and the Internet of Things (IoT).

We have a strong track record as a tech pioneer, making the UK’s first mobile phone call, sending the first text message, and making the UK’s first live holographic call using 5G in 2018. We were also the first to start carrying live 5G traffic from a site in Salford, Greater Manchester. As of June 2021, we have 5G in 364 locations across Europe – 124 in the UK and 240 across Germany, Spain, Italy and Ireland. Our 4G network coverage currently reaches over 99% of the UK population.

Today, Vodafone serves more than 18 million mobile and fixed-line customers in the UK. To help deliver Gigabit UK, our full-fibre broadband roll-out programme now covers 24 UK towns and cities, rising to 34 over the coming months, through partnerships with CityFibre and Openreach. By spring 2022, our target is to make full fibre services available to more than eight million homes across the UK.

Sustainability is also at the heart of what we do: as of 1 July 2021, 100% of the grid electricity we use in the UK is certified to be from renewable sources.

For more information about Vodafone UK please visit: www.vodafone.co.uk.

Vodafone UK Media Relations

Telephone: +44 (0) 1635 693 693

Email: ukmediarelations@vodafone.com

Twitter: @VodafoneUKNews

Website: https://newscentre.vodafone.co.uk

Vodafone Limited

Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN

Registered in England No: 1471587