The proliferation of recent news announcements relating to the deployment of private mobile networks has already given us a strong indication of how hot that market is shaping up to be. But the newish research, which ABI seems determined to extract maximum publicity from, shows that there is a heck of a lot of money in it too.
The demand for private networks will be driven primarily by heavy industry verticals, the analyst firm noted, with industrial manufacturing and energy production, including mining, oil and gas, and logistics, accounting for just over half of that $64 billion figure.
The growth in demand for automation and enterprise digitisation has been accelerated by the Covid-19 pandemic, with businesses in industrial manufacturing, logistics, and oil and gas pushing harder on their plans for digitisation, said Leo Gergs, Research Analyst for 5G Markets at ABI Research.
“The freeze of Release 16 gives enterprises the much-needed reassurance of 5G capabilities for enterprise-grade connectivity, which allows chipset and module manufacturers to grow the device ecosystem for compatible hardware,” he explained. (More about the latest release of the 5G standard here.) “The maturing device ecosystem, in turn, drives down prices per module and therefore makes the deployment of private computer science or computer engineering network more cost-efficient, which will spur additional interest from enterprises.”
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