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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 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).

Having made the UK’s first mobile phone call and sent the first text message, Vodafone has a history as a tech pioneer. In 2018 we made the UK’s first live holographic call using 5G, and were first to start carrying live 5G traffic from a site in Salford, Greater Manchester. We now have 5G in more places than anyone else, with multiple locations now live across the UK and the rest of Europe.

Today we serve more than 18 million mobile and fixed line customers in the UK, with 4G network coverage at 99%.  Our customers voted us the UK’s Best Mobile Network at the 2018 Trusted Reviews Awards – for the second year in a row. To help deliver Gigabit UK, our full-fibre broadband roll-out programme now covers 15 UK towns and cities through partnerships with CityFibre and Openreach.

Connectivity is at the heart of what we do as it gives us a huge opportunity for good. We are using our network, products, talents and technology to help society prosper and respond to significant social and environmental issues.  Our free Digital Parenting magazine is helping families and schools across the UK to navigate the online world safely. Meanwhile, the Vodafone Foundation’s work with researchers at Imperial College is developing personalised cancer treatment using the processing power of smartphones.

We are part of Vodafone Group, one of the world’s largest technology communications companies, with mobile operations in 26 countries, partnerships with mobile networks in 55 more, and fixed broadband operations in 19 markets.  As of 30 September 2019, Vodafone Group had approximately 625 million mobile customers, 27 million fixed broadband customers, and 22 million TV customers – including all of the customers in Vodafone’s joint ventures and associates.

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

 

Vodafone UK Media Relations

Telephone: +44 (0) 1635 693 693

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