Amdocs (DOX) Debuts On 5G-Ready Online Charging System
Zacks Investment Research | Jan 17, 2018 10:07PM ET
Amdocs Limited (NASDAQ:DOX) has unveiled the industry’s first 5G-ready online charging system. This path breaking product is expected to change the way service providers monetize network and data access, enabling newer and more effective ways of generating revenues for them.
As leading service providers gear up to commercially deploy 5G services, 5G network slicing capability is likely to become an essential feature. These network slices will aid in meeting varying needs of different services and users. Amdocs’s 5G-ready online charging system will ensure that the level of activity in one network slice does not impact another through its innovative isolation mechanism.
5G is being cited as the radical new technology that will help build smart cities, allow autonomous vehicle driving and enable drones to provide faster medical aid for high emergency regions. 5G network is also expected to provide higher bandwidth, lower latency and greater agility for users.
Once 5G becomes available for public use, it will present a huge potential if its new network and the product configurations made through network slicing are effectively monetized. Amdocs aims to help service providers do the same with its recently upgraded digital monetization solution.
According to IHS research, by 2035, approximately $12.3 trillion worth of goods and services will be enabled by 5G networks, adding nearly 22 million jobs and approximately $3 trillion to worldwide GDP. Accompanying this favorable outlook is the fact that the smartphone industry has shown a steady upward trend. According to a study by telecommunications firm Ericsson (BS:ERICAs), there is expected to be over 6 billion smartphone users by 2020.
Being the first in the industry to develop 5G-ready online charging system, it remains to be seen whether Amdocs gets the first mover advantage in an industry slated to grow by leaps and bounds.
Amdocs’ shares have underperformed the Zacks Investment Research
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