NTT Ltd., a leading IT infrastructure and services company, announced a strategic commitment to Qualcomm Technologies, Inc., a global leader in semiconductor technologies, to invest and accelerate the development of the 5G device ecosystem to facilitate private adoption of 5G, which is essential to powering AI at the edge.
As part of a multi-year commitment, NTT and Qualcomm Technologies will prioritize the development of 5G-enabled devices to accelerate innovation with international enterprise customers, a key catalyst for driving broad enterprise adoption of private 5G, a market that IDC estimates it will exceed $8 billion by 2026. Qualcomm Technologies’ leadership in application-specific semiconductors and 5G chipsets, combined with NTT’s leadership in private 5G, will intensify the 5G ecosystem, elevate AI processing capabilities in edge and encourage innovation across sectors.
Driving the 5G Device Ecosystem
As companies accelerate digitalization efforts, more connectivity and even more devices are needed. NTT and Qualcomm Technologies will use their combined expertise to satisfy the need for 5G-enabled devices that support use cases such as push-to-talk devices, augmented reality headsets, computer vision cameras and sensors in edge across manufacturing, automotive, logistics and other industries.
“This cooperation is really promising as we are responding to the demand we hear from our customers. Together with Qualcomm Technologies, we will enhance the 5G ecosystem by delivering the devices our customers need in a simple and cost-effective way, empowering them as they continue on their digital transformation journey,” said Shahid Ahmed, Executive Vice President of New Ventures and Innovation at NTT Ltd. “By working with Qualcomm Technologies, we will further accelerate the demand for private 5G across all industries globally. ”
“The proliferation of 5G-enabled devices is a crucial component in shaping a more digital and sustainable future. It forms the backbone of many technological advances that can improve efficiency and sustainability through efficient resource management and energy conservation , being fundamental for innovation in several sectors”, said Mark Bidinger, President of Commercial and Industrial Segments and Channels at Schneider Electric. “NTT’s cooperation with Qualcomm represents a significant step in advancing the private adoption of 5G and meeting the unique demands of the Internet of Things and Machine Learning.”
SOURCE: Businesswire