- August 23, 2020
- ARC Advisory Group
New ARC Advisory Group research on the global Industrial 5G market reveals that 5G technology is still evolving, with new features added with each new specification release.
Dedham, Mass. - Aug. 20, 2020 - New ARC Advisory Group research on the global 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," according to Naresh K. Surepelly, senior analyst at ARC Advisory Group and key author of ARC’s Industrial 5G Global Emerging Market Analysis report. "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."
“Private 5G networks offer operators and vendors great business opportunities to expand their revenue streams in the industrial sector," according to David W. Humphrey, research director at ARC Advisory Group and co-author of ARC’s Industrial 5G Global Emerging Market Analysis report. "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."
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.
This new research is available as a Concise Market Analysis Report (PDF) which provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues.
About ARC Advisory Group
ARC Advisory Group is the leading market research and advisory firm for industry, infrastructure, and smart cities. ARC analysts have the industry knowledge and firsthand experience to help clients find the best answers.Read more
Did you enjoy this great article?
Check out our free e-newsletters to read more great articles..Subscribe