摘要： Organizations are adopting private 5G networks to boost manufacturing process efficiency while maintaining safety and security.
Organizations are adopting private 5G networks to boost manufacturing process efficiency while maintaining safety and security. According to Frost & Sullivan’s recent report, Global Private 5G Network Growth Opportunities, combining the increased power of 5G with the idea of a private 5G network propels organizations to new heights.
GROWTH OF PRIVATE 5G NETWORKS
While some have begun their journey with 4G, the possibilities provided by 5G will attract the majority to upgrade over time. The growing worldwide private cellular network market is expected to reach $6.32 billion by 2026, up from $1.83 billion in 2021, at a compound annual growth rate (CAGR) of 28.1%. Private 5G network contributions will be large, reaching $5.05 billion during the projected period, up from $600 million in 2021.
The worldwide private cellular network market is expected to grow with a CAGR of 28.1%
Troy Morley, ICT Industry Principal Analyst at Frost & Sullivan, stated that “Wi-Fi continues to be important to most enterprises, but private cellular networks cover use cases that Wi-Fi does not do well and, in many cases, can provide a better network for less. Private 4G networks improve on Wi-Fi, particularly around mobility, and private 5G networks improve on 4G, enabling higher throughput, higher connection densities, and lower latencies.”
“To achieve an acceptable return on 5G investments, communication service providers (CSPs) must better serve customers outside of the consumer market. This may be with network slicing, edge networks, and/or private 5G networks,” he added.
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