How Private 5G Networks Can Help Enterprises Accelerate Industry 4.0 Transformation
How Private 5G Networks Can Help Enterprises Accelerate Industry 4.0 Transformation
With the rise of IoT applications and the increasing need for real-time data analysis to make critical business decisions, many large enterprises, especially those with mission-critical infrastructure, are exploring how to solutions to improve coverage, enhance security, real-time data analysis and improve costs.
The global private cellular network market is forecast to expand from $1.83 billion in 2021 to $6.32 billion by 2026. The contribution of private 5G networks will be substantial, reaching $5.05 billion from $600 million in 2021 during the forecast period.
The State of the Dedicated 5G Market
While this is an exciting time for new connectivity solutions, it also presents a new set of challenges for businesses large and small, the public sector. Common challenges include limited in-house expertise in network integration, vendor selection, corporate and customer data protection, and selecting appropriate solutions.
In some cases, this is an end-to-end process of identifying business problems for clients, applying specific use cases, and then recommending and deploying the most beneficial technical solutions. Technologies such as edge computing, cloud and data center networking are often implemented alongside private wireless networks to take full advantage of the industrial IoT, machine learning and artificial intelligence capabilities enabled by connectivity.
To help enterprises choose the right approach to design and implement a suitable private 5G network, Kyndryl is working with Intel and Future Technologies. By collaborating, the three companies bring the best "proprietary technology" that will accelerate the design-to-deployment cycle for enterprises and their target use cases.
Dedicated 5G solutions meet the needs of enterprise customers for the reliability of LAN, the flexibility of wireless technology, security and reliability. Dedicated 5G is offered as a service to integrate the high speed, low latency and device segmentation that only 5G connectivity can provide to improve business efficiency.
While Kyndryl's network integration and managed services expertise spans other technologies, including cloud, security and resiliency, digital workplace, artificial intelligence and applications. Intel's complete networking technology stack, from silicon to software to reference architectures, helps provide the building blocks needed for today's solutions.
And the cellular domain expertise developed by FutureTech over the past 12+ years provides accelerated design and deployment cycles, making this tripartite collaboration an industry accelerator. As part of the collaboration, the private 5G network will be designed and deployed by FutureTech, managed by Kyndryl Global Services, and run on Intel architecture.
Dedicated 5G Use Cases
While enterprises in all industries can benefit from 5G private wireless deployments, we will start with key vertical markets including chemical, oil and gas, utilities, manufacturing, federal and state and local education.
Going forward, we will continue to expand our partnerships to cover other industries such as retail, transportation, logistics, finance and healthcare. We are just beginning to see the innovations and use cases that this advanced technology will enable, productivity-enhancing automation, connected cameras, enhanced worker safety, IoT sensors, robotics, extended reality, real-time analytics, reduced business costs and carbon footprint.
The private 5G network is only the first building block, and all connected platforms and devices will need to build additional technology layers on top of it, from applications and data, to cloud to security. 2023 will be the year of the private network.