New ARC Research Reveals that Private 5G Networks Offer New Enterprise Business Opportunities
August 20, 2020 at 13:30 PM EDT
New ARC Advisory Group research on the industrial 5G market reveals that as the technology evolves and more tangible use cases are deployed, awareness and knowledge of 5G will gain rapid momentum in the global industrial market.
(PRUnderground) August 20th, 2020
New ARC Advisory Group research on the industrial 5G market reveals that 5G technology is still evolving, with new features added with each new specification release. This new emerging market analysis report focuses on the market for private 5G and LTE/4G networks for industrial users. As more tangible use cases are deployed, awareness and knowledge of 5G are gaining momentum rapidly in the global industrial market.
“While speed and bandwidth gains are a well-recognized benefit of 5G, other technology services such as network slicing, mobile edge computing, and low latency are not yet widely appreciated. This is largely because enterprises are still performing test trials and standalone 5G is not yet widely available. Most of the key benefits for enterprises won’t be realized until private, standalone 5G is deployed. This is not likely to happen until late 2022 when industrial-grade chipsets and a wide range of 5G-compatible end devices become commercially available,” according to Naresh K. Surepelly, Senior Analyst at ARC Advisory Group and key author of ARC’s Industrial 5G Global Emerging Market Research report.
“Private 5G networks offer operators and vendors great business opportunities to expand their revenue streams in the industrial sector. Driven by the convergence of operational technology (OT), information technology (IT), and networks, enterprises in industrial domains are looking for a higher level of wireless network performance to automate and digitize their operations,” according to David W. Humphrey, Research Director at ARC Advisory Group and co-author of ARC’s Industrial 5G Global Emerging Market Research report.
About the Industrial 5G Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global and regional forecasts for the industrial 5G emerging market. The report covers both private LTE/4G and 5G networks. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes current market size, plus five-year market forecasts by major regions, network type, and hardware, software, and services.
For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.
About ARC Advisory Group
Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industry, infrastructure, and cities. ARC stands apart due to our in-depth coverage of both operational technologies (OT) and engineering technologies (ET) and associated business trends. Our analysts and consultants have the industry knowledge and the first-hand experience to help our clients find the best answers to the complex business issues facing organizations today. We provide our technology supplier clients with strategic market research, and help our end user clients develop appropriate adoption strategies and select the best technology solutions for their needs.Press Contact
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