The modern enterprise only uses about 5% of the data it generates. With so much vital information flying under the radar, companies are not always making the best business decisions. This challenge will only worsen if you do not adopt a data fabric.
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Manufacturers are expected to spend roughly US$751 million on private 5G in 2024. Growing at a robust Compound Annual Growth Rate (CAGR) of 55.9%, that number will surpass US$9 billion by 2030.
The modern enterprise faces significant macroeconomic challenges, with high inflation, rising energy and production costs, and widespread labor shortages affecting operations. To overcome these challenges, enterprises are further digitizing, taking advantage of everything from Augmented Reality (AR) to the Internet of Things (IoT). These high-bandwidth applications require a formidable connectivity backbone, making 5G deployments a key enabler of digitization. 5G promises big connectivity upgrades for enterprises, supporting Enhanced Mobile Broadband (eMBB), Enhanced Ultra-Reliable Low Latency Communication (eURLLC), and Massive Machine-Type Communication (mMTC).
5G is synonymous with terms like network slicing, Software-Defined Networking (SDN), network automation, and network virtualization. All of these telecommunications industry concepts can pave the way for neutral host networks to be a popular deployment model for telcos, particularly Mobile Network Operators (MNOs). Neutral host providers allow MNOs to leverage shared network infrastructure, which translates to reduced Capital Expenditure (CAPEX), minimal operational costs, and quicker time to deploy new services. The latest trends in the private cellular network space point toward a future where neutral host networks are more widespread.
Automation is bound to serve a crucial cellular network function in the face of increased enterprise digitization. The accelerated demand for connectivity, in tandem with more data generated on enterprise premises, makes the manual configuration of cellular networks inadequate. Network automation is important for optimizing limited radio resources in an age when 5G technology introduces more complicated network management.