"Private 5G adoption is on the rise. Since its introduction to the market in 2021, this technology and its corresponding partner ecosystem have matured significantly. In fact, analyst firm research states that the market for network equipment and services for 4G and 5G private managed networks will reach $45.3 billion by 2033, up from $2.2 billion in 2023. And Omdia estimates high double-digit growth globally - up to 17.3% CAGR by 2029."
"Private 5G offers reliable connections, low latency, inherent security, and the ability to handle large amounts of data. Enterprises benefit from greater operational efficiency, better employee decision-making, and improved customer experience. This opens up new applications and use cases across the enterprise as data can easily - and securely - be transferred, analyzed, and used for real-time decision-making on factory floors,"
"The evolution of the private 5G device ecosystem is propelling further adoption and use cases across the enterprise. With the growth of device types ranging from industrial IoT sensors to automated guided vehicles and collaborative robots (Cobots), the race is on to implement a network that can handle the needs of Industry 5.0 transformations. Enterprises are turning to system integrators and channel partners for solutions that can address their use case needs"
Private 5G adoption has accelerated since 2021, with market spending on 4G and 5G private managed network equipment and services projected to rise from $2.2 billion in 2023 to $45.3 billion by 2033. Omdia forecasts up to 17.3% CAGR through 2029. Enterprise digital transformation initiatives, AI deployments, and increasing numbers of smart devices drive demand. Private 5G delivers reliable connections, low latency, built-in security, and high data capacity, enabling operational efficiency, improved employee decision-making, and enhanced customer experiences. New enterprise use cases include real-time analytics on factory floors, computer-vision monitoring, and worker-safety improvements. Growing device diversity and partnerships between system integrators, telecoms, manufacturers, and channel partners accelerate deployment.
Read at ChannelPro
Unable to calculate read time
Collection
[
|
...
]