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It’s a Private Thing and Could Reach $6.3B by 2027

Dec. 21, 2022

5G NR market for private wireless in industrial automation is forecasted to reach $6.3B by 2027.

This growth will significantly lower broadband pricing as a whole. It will also offer greater flexibility for enterprise, industrial, and government market segments in terms of how they connect public to private networks.

Future use cases for the 5G applications market are varied in terms of type, industry vertical focus, and requirements. Of course, each scenario will have its own network configuration, requirements, and parameters.

The commercial deployment and operation of 5G will also facilitate the massive Internet of Things (IoT) networks. And as the size of IoT systems continue to scale, its scope will increase in terms of the impact on enterprise systems and consumers' everyday lives.

According to Research and Markets, “Initial deployments of IoT LPWANs have been non-cellular solutions based on proprietary technologies. However, the author sees emerging standards such as Narrowband IoT (NB-IoT) assuming a dominant role for certain IoT applications. We see many industry verticals willing to pay a premium over non-cellular LPWAN as this provides enhanced flexibility, and improved capabilities associated with IoT on 5G networks.

The use of 5G for Industrial IoT (IIoT) networks will be of great importance to enterprise IIoT in certain industry verticals such as agriculture, logistics, and manufacturing. For example, we see IIoT and industrial agriculture benefits through the use of Unmanned Aerial Vehicle (UAV) operation over 5G networks due to ultra-low latency and high-capacity availability.”


About the Author

ISE Staff