Tag: Huawei Technologies

5G may be the tech that will bring virtual reality (VR) and augmented reality (AR) to the masses.

5G mobile technology will change the entire virtual reality ecosystem according to two Chinese tech giants ZTE and Huawei Technologies. Both of these companies, which are based out of Shenzhen, are among the world’s top proponents of 5G. This next generation mobile communications technology is expected to deliver transmission speeds 100 times faster than current 4G networks. This makes it far more ideal for VR and AR, which currently lacks the technology needed to run optimally.

5G will deliver connection speeds of 1 to 10-gigabit per second and less than a millisecond of latency.

In other words, it will take less than a millisecond of time for data to get from one point to another. Presently, streaming 3D content is slow and latency is poor.

According to Roland Sladek, Huawei vice president of international media affairs, “The virtual-reality ecosystem is not mature enough now, in terms of content and bandwidth,” Sladek added that “If you want to stream 3D content, it’s very slow. Latency is not great. That will drastically change with 5G.”

Both ZTE and Huawei Technologies forecast that when 5G mobile infrastructure is widely deployed from 2020 there will be a boom in the global AR and VR markets.

The GSMA says that 5G Mobile Technology will lead to a “hyper-connected society.”

The GSM Association represents almost 800 wireless network operators and approximately 300 companies in the wider ranging mobile network, including ZTE and Huawei. The association believes that 5G will make mobile even more important than it already is to consumers and industries like virtual and augmented reality.

The association and the two Chinese network equipment and handset suppliers are not the only ones who are predicting that VR and AR will take off in the future. Earlier this year analysts from Goldman Sachs predicted that the global VR and AR market will reach $80 billion by 2025. An estimated $45 billion in sales will be generated from hardware and $35 billion from software.

Proponents of 5G mobile technology believe that the new tech will deliver a more seamless virtual and augmented reality experience that simply cannot be provided today.

Huawei partners with China UnionPay to expand access to Huawei Pay

Huawei Technologies, one of China’s largest manufacturers of mobile devices, will be expanding its mobile payments service in the country. This will place Huawei in direct competition with Apple, which recently brought its own payment service to China, as well as several other companies that have already established a strong lead in this market. The launch a new era of its service, Huawei has partnered with China UnionPay. Together, these organizations will offer a service called Huawei Pay.

Consumers showed favor for Huawei Pay during its testing phase

The payment service is not actually brand new. The service was first launched in September of last year on a pilot basis. It was only available for use in a limited number of stores and restaurants in China, but proved somewhat popular among consumers. Now, Huawei wants to expand the accessibility of this mobile payments service to more consumers, allowing them to make payments with their smartphones. China UnionPay will provide support for the service, allowing those with accounts with the bank to use Huawei Pay as they see fit.

Competition in China’s mobile commerce space is growing at a rapid rate

China’s mobile commerce space is already intensely competitive. The space is occupied by Alibaba, which is one of China’s largest e-commerce groups. The company currently holds a 70% market share in China’s mobile payments market. Tencent, another major Internet company in the country, holds a 19% market share in this market. Other companies are coming to China to find success in the growing mobile commerce market, but they may find very limited success due to the strong competition that exists within this space.

Consumers want secure mobile commerce solutions

Consumers see mobile payments as a convenient service, but many are still worried about the security of their personal information, which is why they avoid new payment services. Huawei Pay aims to allay consumer concerns with new security features. All transactions made through the service must be verified with a fingerprint scan, which will help protect consumer information from exploitation.