Private 5G networks will power enterprise in 2020

(Image credit: Deloitte)

Deloitte has released its Technology, Media and Telecommunications (TMT) predictions for 2020, with 5G featuring prominently, with an expected increase in ‘private’ 5G deployments.

According to the report, there are two ways that enterprises can approach the use of 5G:

“[An enterprise] can connect to a public 5G network. Or it can opt for a private 5G network, either by purchasing its own Private 5G networks infrastructure while contracting for operational support from a mobile operator, or by building and maintaining its own 5G network using its own spectrum. For many of the world’s largest businesses, private 5G will likely become the preferred choice, especially for industrial environments such as manufacturing plants, logistics centers, and ports.”

 Delivering a boost 

Deloitte claims that over 100 global companies will be evaluating 5G, or will have already deployed 5G in industrial environments by the end of 2020 (with some of the featured companies already running trials in the UK). The report goes on to say that by 2023 the value of cellular equipment and services for industrial use will be worth tens of billions of pounds per annum. And one area of the UK that looks set to benefit is the North West.

“The North West was one of the earliest adopters of 5G in the UK, and so many businesses in the region are well placed to use private 5G deployments next year,” said Claire Jolly, head of TMT at Deloitte in the North West. “With an established mobile infrastructure that is primed for even greater growth in 2020, we could see more businesses move to the North West to capitalise on the efficiencies brought about by private 5G deployments, delivering another boost to the region’s thriving economy.”

Industrial 5G networks

5G provides network characteristics that are essential for industrial manufacturing. The low latency and high reliability are vital for the real-time requirements of running multiple, connected machines in the industrial sector. And 5G networks in an industrial setting will transform what’s available to manufacturers; from automated processes, to improved efficiency, the sector will benefit hugely. 

This means that many businesses are looking to adopt 5G much earlier than they had with previous mobile technologies, thanks to the ability to improve control across a factory environment, on a large scale, by – for example – tracking supplies across an entire complex, or multiple complexes, and all in real-time.

Fiona Leake

Fiona discovered her love for investing and making money from a young age. Since then this interest has grown and now she loves writing about investing and business, and follows the 5G market closely. She is also a technology enthusiast, and so they tend to be her favourite investments.