At Verizon’s recent investor day, Verizon summarized its strategy as building on networks, delivering services on demand, with two specific applications mentioned: metaverse and internet of things.
We might note the two big emphases: “how the network will work” (personalized, distributed, virtualized) and where Verizon sees growth (metaverse, IoT).
As a company, Verizon says it will drive revenue growth five ways. In terms of connectivity platforms, 5G and the use of fixed wireless will create a nationwide home broadband capability for the first time. Up to this point Verizon’s home broadband network has passed only about 20 percent of U.S. homes.
Multi-access edge computing are new solutions Verizon sees as key for growth, driven by IoT and most likely also metaverse suppliers.
Beyond that, Verizon’s recent embrace of the “value” segment of the mobile market will continue. Traditionally, Verizon has sought to dominate the high end customer segment.
Though Verizon’s embrace of 5G was completely expected, the use of that platform in two “new” ways is notable: Verizon aims to “disrupt the home broadband market” and create “new business models. That could mean many things, but the language and theme emphasis at the investor day all point to on-demand delivery or services that are customized and personalized as much as possible.
That Verizon’s revenue growth is seen as “mobile first” is not surprising. Verizon has in recent years been getting as much as 70 percent of its revenue from mobility services.
In what it describes as a “first of a kind” partnership, Verizon says it will work with Meta to optimize network performance for extended reality cloud rendering and low-latency streaming supporting the metaverse. At this point, that appears to lean heavily on use of edge computing.
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