In April 2018, Chinese multinational technology corporation Huawei predicted that the global digital economy would be worth US$23 trillion by the year 2025.
According to the Global Industry Vision (GIV) report, Huawei stated that by 2025 the number of personal smart devices would reach 40 billion and the total number of connections around the world would reach 100 billion.
But then the COVID-19 pandemic hit.
And this accelerated the adoption of technology, Huawei’s regional marketing strategy vice president Joaquin Saldana told the Business Guardian.
“We were expecting US$23 trillion by 2025, with this we would reach that number even sooner,” Saldana said.
“We can see it because the transformation has been occurring because of the pandemic, now we are talking e-commerce, we are talking about working at home, education at home, all of that is part of the digital economy and also the digital transformation,” he said.
Saldana was among hundreds of business leaders, tech lovers, and media personnel that converged on Cancun, Mexico, last week as Huawei hosted its Latam ICT Congress 2022 at the JW Marriott.
It was the organisation’s first in-person conference in the region in two years.
But even as things return to normal, Saldana believes this would not have much of a negative impact on Huawei.
“My personal opinion is that we are in a transition and I don’t think we will get back to the way things used to be, but on the other hand I don’t think that we will keep working from home and relying 100 per cent on ICT. There is something in between closer to using ICT as a basis for everything but we are about to see what will be our new future,” Saldana said.
Huawei now operates regionally under Latin America and the Caribbean which was not the case previously.
“We recognised that’s the way to go,” Huawei’s vice president of public affairs for LAC Cesar Funes told the Business Guardian.
“We have a strong presence in the region in multiple countries. The name of our Office for Central America and the Caribbean is called the Multicountry office,” Funes stated.
And Funes said the region is on the front burner for Huawei.
“Our business has been evolving, our portfolio is expanding. We went from connectivity, to vertical industries and Transsolutions, smart devices, more recently cloud services and really recently digital powered solutions and eventually every single business unit that we launch globally we will launch in the region for sure,” he said.
Funes said digital transformation is a driver for economic recovery and growth.
“So our plan is to continue integrating into each one of the countries all of the business units that we have. We will continue to develop digital infrastructure which includes not only building connectivity with fibre networks and 3G, 4G, 5G data solutions but also data centres,” he said.
“We will continue to offer solutions because the new oil is data so we need to have the ability to transport the data, store it and process the data for the applications in the cloud,” Funes said.
Since May 2019, Huawei has been under fire from the United States government, resulting in what is colloquially referred to as the “Huawei ban.”
But even despite this ongoing battle Huawei says it will survive.
“It is not a secret that this (situation with the US) is happening. Our commitment is to the region and our commitment is to the countries in which we operate,” Funes said.
“We will continue to look for alternatives, to look for our solutions based on following all the requirements all the rules in every country around the world, so we will continue to do that,” he said.
Before the ban, Huawei was expected to become the world’s largest smartphone manufacturer by the end of 2019.
“Those restrictions impacted many of the devices, specifically the smart phone business, all other business units in general have had a steady growth,” Funes said.
“We are always adapting to whatever circumstances we have in front of us ,” he said.
Funes said Huawei’s future remains bright.
Huawei hosted the Latam ICT Congress 2022, supported by GSMA Intelligence and ITU, aiming to build a global industry communication platform and promote the rapid development of 5G and digital transformation in Latin America.
During the congress, Huawei’s 5G Product Line Vice President Fang Xiang delivered a keynote speech titled Innovation for a Golden Decade of 5G in LATAM, where he said, “simplified and green 5G networks that deliver a cross-generation experience are fundamental to 5G business success. Huawei is committed to bringing ultra-wideband and multi-antenna technologies to every frequency band and scenario through continuous 5G innovation, to build a ubiquitous, simplified, and high-capacity target network and usher in a golden decade of 5G in Latin America.”
5G development is accelerating in Latin America.
Over the past two years, many countries including Brazil, Mexico, Chile, and Peru have already begun commercial 5G deployment.
During this rollout, many operators have also begun exploring new models for 5G packages, and new services for individual consumers, families, and industries to maximise digital dividends.
In its exhibition hall, Huawei showed some of the technology it has developed over the years including ultra-wideband and multi-antenna technologies.
According to Huawei this has created new challenges for the industry to face though, as Fang explained: “As the pace of 5G spectrum distribution varies across countries and the TDD and FDD spectrums have different characteristics, operators face different challenges in 5G network construction. However, all operators share the same goal: to move towards one network on multiple TDD and FDD bands and build simplified and green networks that deliver a cross-generation experience.”