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Two interesting trends in private 5G as of May 2024 🧿Growth and Open RAN: The market for #private #5G is expected to experience significant growth, reaching an estimated value of $129.6 billion by 2032. This growth is driven by the increasing adoption of private networks across various industries, academia, and even public sectors. Additionally, the concept of #OpenRAN (Radio Access Network) is gaining importance. #Open #RAN allows for more flexibility and #interoperability in building private networks, making them more accessible and #customizable. 🧿Focus on Use Cases and Innovation: There's a growing focus on developing specific use cases for private 5G networks. This includes initiatives like the 5G-Testbed-BB project, which is creating a #research #network for exploring applications in #aviation using #drones. These use cases will pave the way for further #innovation and unlock the full potential of private 5G technology. The latest trends in use cases for private 5G networks in May 2024 show a shift towards: 🌀#Sustainability and Energy Efficiency: The #telecommunications sector is looking for ways to reduce its #environmental impact. Private 5G networks can play a role here by enabling #smarter #energy #grids and optimizing #industrial processes. For instance, private 5G can be used to remotely monitor and control energy consumption in factories or distribute #renewable #energy sources more #efficiently. 🌀#Convergence with Other Technologies: There's a growing trend of integrating #private5G with other technologies like #AI and #IoT (Internet of Things). This convergence allows for powerful applications. For example, in #manufacturing, private 5G networks can connect a vast number of #sensors on #machines, enabling real-time #monitoring and AI-powered #predictive #maintenance, reducing downtime and optimizing #production lines. 🌀Focus Beyond Traditional Industries: While manufacturing, #energy, and #transportation remain major adopters, private 5G is finding applications in new areas. This includes: 💠#Retail: Private 5G can improve in-store logistics and enhance customer experiences with features like augmented reality #AR product visualization. 💠#Healthcare: Secure and reliable private 5G networks can facilitate remote #patient #monitoring, #surgery with #robotics, and real-time data analysis for better #diagnostics. 🌀Focus on #Security and #Control: Data security and privacy remain paramount concerns for enterprises. Private 5G offers businesses greater control over their data compared to public networks. This is particularly important for industries like #healthcare and #finance where #sensitive #information is handled. What are your thoughts? 🤔🧐 Follow us on Kaneshwaran Govindasamy & Global 5G Evolution Click comment box. #subscribe our #youtube channel For 5G Private Network advisory services, please contact me.
Thanks for sharing. Brazil is on the map. That's precious information!
Great insight. Thanks!
Gradually, we see an increase in spectrum availability for private networks across mid-band and millimeter-wave frequencies. I'm sure this will enhance the adoption of 5G technology within the enterprise sector.
Impressive
Interesting!
Industry Analyst | Community Builder| Global 5G Community| Global 5G Evolution-Youtube| 5G Telco Enterprise Business Consulting| B2B2X Growth Hacker| 5G Monetization| 5G NTN| Telco AI|CMO as a Service| X Ericsson
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