Private 5G networks are hot right now, especially in the realm of Industry 4.0 , and to rapidly enable critical capabilities for the sector – such as push-to-talk “walkie-talkie” communications, automated guided vehicles, always connected PCs and machine vision in predictive maintenance – Cisco and NTT have announced plans to collaborate to drive private 5G adoption across the automotive, logistics, healthcare, retail and public sectors. To put the prospects for private networks into perspective, a recent study from ABI Research – the Private cellular network forecasts report – forecast that the revenue opportunity for private cellular networks would grow from almost $7bn in 2023 to more than $96bn by 2030, with integration services accounting for almost 50% of those revenues. It said this underlined that a private cellular network for enterprises is a highly customised deployment that requires a high degree of expertise in integration and orchestration capabilities. The analyst said the market would be driven by 4G LTE deployment until 2030, when 5G connectivity will constitute most private cellular network deployments. Previously, this inflection point was expected in 2027-2028. As part of their bid to cash in on this growing market, Cisco and NTT plan to co-innovate and […]
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