Categories: Telecom

Private 5G: A Key Solution For Driving Digital Transformation & Business Growth

The 5G network has taken the world by storm. Its exceptional speed and amplified capacities have enabled many industries to tackle new-age technologies like IoT and AI while improving connectivity and productivity. Now, the 5G networks are becoming a tangible reality for various enterprises by deploying their own Private 5G networks for improved security, better coverage, and high-graded preparedness for advanced technologies like IoT. 

Before looking at the stand-out features offered by the 5G network, let’s see the global Private 5G industry outlook. 

Global Private 5G Industry Outlook

The global private 5G network market size is expected to increase at a CAGR of 49.0% from 2022 to 2030. The Private 5G network is emerging as a preferred choice in many industries around the world. Also, many businesses are actively exploring how to use the advanced 5G network to increase productivity. 

In fact, according to Businesswire, by 2027 the global private 5G network market size is expected to expand by USD 8.32 billion. There is no doubt that the growing call for customized wireless communication while performing operations in many industries, and other domains, leading to a rise in demand for 5G networks all over the world. 

Moreover, the COVID-19 pandemic has resulted in a rise in demand for higher capacity and data speeds due to the overloading of Wi-Fi hotspots. That has led to an increase in the interest in Private 5G networks among enterprises, manufacturers, and other potential users globally.  

How do Private 5G Networks enable business growth?

Taking on the additional cost, control of designing, and managing the network in the business is what every industry looks for.  

Private 5G networks can be customized and configured as per the business type, size, and specific needs while performing critical operations. It offers benefits like enhanced security, network slicing, far lower latency, and superior bandwidth that improves the Quality of Service.  

5G network helps in supporting the various platforms and services that industries purchase and provides time-critical production control and data-supported decision-making in real-time. Thus, the 5G network is fast proving the cornerstone of industrial digital transformation. 

Stand–out Features of a Private 5G Network

  • Superior Service Security – Private 5G offers a more secure network. Also, all security policies and protocols can be customized and controlled in various industries, without relying on external service providers.
  • Network Slicing – Network slicing allocates bandwidth based on priority and allows the network to be optimized for the needs of the specific user within the same infrastructure. Private 5G allows devices that rely on low latency and priority connection over sensors that require significantly less data throughput.
  • Better Control & Reliability – By enabling the Private 5G model, enterprises can get more control and management of their operating processes. This helps in safeguarding local communication and information exchange on the network and ensures better reliability, and predictability.
  • Quality of Service – Running a wireless network on a customized 5G spectrum offers the possibility to control the Quality of Service (QoS) comprising factors such as latency, throughput, and more. It ensures enhanced service quality and system performance and resource deployment in different services can be customized within the network.
  • Dedicated Bandwidth – Private 5G network enables a devoted network ensuring only authorized users can access the network at a particular time which means there is no risk of network congestion. This is beneficial for industries like healthcare where increasingly critical IoT devices that require dedicated, low-latency connectivity are being used.
  • Ultra-low Latency – The URLLC (Ultra Reliable Low Latency Communications) application services of a Private 5G network enables near real-time communication of IoT devices that ensure a critical aspect in applications like public safety or robotic motion control.
  • Interworking – The ability of a wireless 5G network to interwork with public networks is an important capability. For example, many critical healthcare services like ambulances require service continuity while moving from one network to another. Therefore, the channels of interworking must be always readily deployable in specific scenarios.
  • Wireless – A private 5G network is capable of replacing bulky wired networks by offering easily deployable, and advanced wireless technologies in industries.

So, we can say that the 5G network brings all new possibilities and a wide range of benefits. Echelon’s Private 5G solutions provide full visibility of processes and data, enable secure and reliable coverage, and support high device density and low latency while performing operations. 

Accelerating the Transformation with Private 5G

Communication Service Providers (CSP), System Integrators (SI), Network Equipment Providers (NEP), and Cloud Providers are all pushing together to be key partners of industries that are seeking wireless 5G network solutions. 

The Private 5G network is evolving fast and will continue to evolve even faster but companies still somewhat lack about the complexity and costs of the network. This is a progressive opportunity for enterprises to establish their own private 5G networks. That means the innovation of digital transformation will drive smart cities and the Internet of Things (IoT). 

Pallavi Yadav

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