As businesses continue their digital transformation journeys, the demands on connectivity and communication technologies are increasing.
Advanced connectivity is essential for realizing the promises of Industry 4.0 technologies such as machine automation and the Internet of Things (IoT). Private 5G networks provide advantages to industries in terms of speed, control, reliability and security. We partnered with the Economist Impact and interviewed 216 technology executives globally. The survey revealed several key findings.
Just over half of the companies surveyed plan to implement a private 5G network within 6 to 24 months
Improved data privacy and security is the most anticipated outcome of implementing private 5G networks.
Executives view integration with legacy systems & infrastructure as a key barrier to overcome for implementing private 5G networks
Outsourcing is a preferred approach for implementation of private 5G networks, and SI services are highly sought after
Private 5G networks are expected to become the standard across industries, as well as a critical part of operations.