I didn’t know that “q-Commerce” meant on-demand delivery, but now that I do, I remain dubious the 5G is going to speed its growth. The claim that the higher bandwidth and lower latency of 5G will change our behavior faster assumes that the 5G will be widely deployed in its high-band format, but that is not what is happening. Mid-band is more likely if it is proven not to interfere with aircraft communications, while high-band will likely be limited to commercial enterprises and stadiums for the near future. The idea that faster network processing will enable more 2-hour deliveries to be made is just silly; Domino’s can take orders just fine on 4G or even 3G:
“Recently, q-Commerce, also known as ‘on-demand delivery,’ has become increasingly popular among the ever-rushing city dwellers. No wonder, as with one click or tap of their finger, they may order a food delivery without leaving their homes or interrupting their work. The q-commerce has flourished even more due to the COVID-19 pandemic, as people could not eat out or make grocery shopping in person, and quick deliveries became the backbone of trade.
5G will be of great help in the development of q-commerce. With its improved speed, latency, and capacity, the fifth generation of mobile networks is slowly changing how people shop. Time and place no longer play a role, as people can order from various devices whenever they want. Moreover, the q-commerce companies can upscale their operations and access new markets with their personalized marketing and on-site help.
5G is increasing the speed at which the commerce industry is evolving, and this article will focus on different ways 5G is going to benefit q-commerce.
Faster speed increases income
5G is going to be extremely fast, which will enable the industry to innovate. It is estimated that the speed of 5G will be 100 times faster than 4G.
This means that all the processes will be shorter and quicker (including payment processions and delivery), and the 5G users can track their delivery in real-time. As a result, the q-commerce companies will earn more as online shoppers are ready to pay more for delivery within two hours. That’s why faster delivery is crucial for the service providers.”
Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group
