July 18, 2023
Don’t fall behind the curve with Private Network adoption
Juniper Research, an analyst firm, predicts that enterprise spending on private networks will reach almost $10 billion worldwide by 2028. With manufacturing expected to be the single biggest sector, accounting for 35 percent. This exponential growth can be attributed to the undeniable benefits that private networks can provide for enterprise businesses.
Starting with the basics, what exactly is a Private Cellular Network? When we consider a ‘cellular network’, we most often think of the Public Cellular Networks operated by telecom service providers (think: Verizon, T-Mobile) that we use to connect our Apple and Android devices. Private cellular networks, however, are independent wireless networks deployed by both private and public organizations, designed to meet their specific connectivity needs. These networks utilize the same cellular technologies as public networks, but are deployed within a limited geographical area, such as a manufacturing facility, campus footprint, or retail space.
When paired with a mix of more traditional connectivity solutions, like Wi-Fi and Broadband, enterprise businesses can benefit greatly from implementing private cellular networks, some of those benefits include:
SECURITY Private Networks allow for greater control and security over data transmission, which is vital for industries that handle sensitive information or operate in regulated environments, such as finance, healthcare, government, and manufacturing.
RELIABILITY Private Networks offer improved reliability and low latency, ensuring consistent and high-quality connectivity. This feature is crucial for real-time applications and mission critical operations.
CAPACITY With increasing adoption of automated operations and technology as enterprise shifts to Industry 4.0, high capacity is not ‘nice to have’ but instead a ‘must have’ when it comes to connectivity requirements that accompany these critical business applications.
COVERAGE For enterprise businesses with expansive or remote sites, a Private Network can offer a greater coverage area than traditional Wi-Fi
LEVERAGING YOUR PRIVATE NETWORK Companies can leverage private cellular networks across various use cases. Industrial automation is at the forefront of applications, with a private network enabling the deployment of connected devices, sensors, and machinery for real-time monitoring and control. This facilitates improved operational efficiency, predictive maintenance, and overall cost savings. Another use case is smart city and infrastructure, including intelligent transportation systems, smart grids, and public safety applications. Private networks also empower companies to deploy IoT solutions at scale, enabling seamless connectivity and management of a large number of IoT devices across their operations.
In addition, private cellular networks can enhance logistics and supply chain management by enabling real-time tracking of assets, optimizing inventory management, and improving overall supply chain visibility. In sectors such as healthcare, private networks can support telemedicine applications, remote patient monitoring, and connected healthcare devices, fostering better patient care and operational efficiency. From retail to mining, just about every industry can find benefit in a private network deployment and the use cases are limitless.
With greater control, security, reliability, coverage, any enterprise business can enhance operational efficiency, enable digital transformation, improve supply chain management, and increase output, without compromising quality. Don’t fall behind the curve. The sooner your organization harnesses the power of a private network, the faster you can drive innovation, improve productivity, and gain a competitive edge in today’s connected world.
Schedule time with our Sales Team to discover what a Private Network can do for your business: https://ft-innovations.com/#demo