The transformative power of 5G in private wireless networks
Private wireless networks are revolutionizing the way enterprises operate, offering the control, security and reliability that public networks simply can’t match.
Indeed, across industries, we’re witnessing the unfolding of digital transformation. At the recent Fierce Network’s Private Wireless Network Summit, Virgilio Fiorese, Private Networks CBE at Amdocs, presented compelling insights on the motivations and future impact of 5G within this dynamic sector. Drawing on data from GlobalData, Fiorese highlighted the significant growth and transformative potential of private wireless networks, setting the stage for a dynamic discussion on their future.
According to GlobalData, the private wireless network market is driven primarily by the manufacturing, energy, mining, utilities, agriculture and medical sectors, which together account for 75% of the domain’s revenue. By the end of 2022, the sector’s rapid pace of innovation and adoption had seen its value surge to $2.8 billion.
Meanwhile, the growth in government-allocated spectrum is driving a rise of smart cities, smart manufacturing and intelligent transportation systems, which in turn is increasing demand for connected devices. This transformational shift is further accelerating the adoption of private networks, as organizations seek superior data orchestration, optimized processes and enhanced efficiency.
Yet, it’s the rollout of 5G networks in particular that is set to redefine this landscape. With unprecedented speed, ultra-low latency and exceptional reliability, the technology is opening a wide range of new possibilities, from seamless smart city integrations to real-time remote monitoring in industrial settings. As a result, 5G has become key to revolutionizing the deployment of private wireless networks, enabling industries to fully embrace digital transformation.
Looking ahead, Fiorese invited the audience to consider the vast potential of 5G Advanced, a next-generation technology poised to enhance spectrum efficiency, expand coverage and introduce new network slicing capabilities. It’s a development that promises to revolutionize private wireless networks even further, taking innovation and growth to yet a higher level.
When it comes to private wireless networks, the future of connectivity signifies an ongoing evolution that’s rich with opportunity. Yet, it’s the synergy of innovation and adaptation, as demonstrated by industry leaders like Amdocs, that underscores the relentless pursuit of progress. As we move forward, the integration of 5G technology is sure to continue playing a pivotal role in shaping private wireless networks, driving transformative advancements across diverse sectors.
