5G private network is expected to become a blue ocean market
For telecom operators, the public business has touched the ceiling, while the government and enterprise business has great potential, especially the arrival of 5G network is a huge opportunity for the development of operators' government and enterprise business. According to GE's forecast, the Industrial Internet will bring a cumulative $3 trillion of incremental GDP to China's economy by 2030, and 5G, cloud computing, big data, and the Industrial Internet will be the key drivers for China's economic transformation and upgrading in the future, while 5G network connectivity is the foundation, especially in the era of the Industrial Internet, where low-latency, high-reliability network infrastructure is the bedrock for the in-depth interconnectivity of all industries
In the era of Industry 4.0-oriented, a large number of 5G private networks will rise in the future, and according to a report by ABI Research, global spending on 5G private networks will exceed that on 5G public networks by 2036, so whether it's the operators' use of 5G private networks to expand the blue ocean market, or the vertical industry's own digital transformation, it's all pushing 5G private networks into the wind.
Analysis of application scenarios for 5G private network demand
5G private network includes core technologies such as ultra-performance heterogeneous edge computing and dynamic and intelligent network slicing, etc. Potential application scenarios for 5G private network are analyzed from the perspective of two major technological demands, edge computing and network slicing.
According to the 2020 GSMA research data, it is expected that by 2025 there will be ten major application scenarios with a large commercial market size, which belong to the three major vertical industry applications of intelligent manufacturing, medical care, and automotive networking. The development can be divided into two stages, the first stage from 2021 to 2022, during which the main vertical industry applications of intelligent manufacturing, specifically including: industrial robotics, smart parks, traffic management and security policing and monitoring, gaming and e-sports, in which the smart parks have the largest market size; the second stage from 2023 to 2025, the main vertical industry applications of the Internet of Vehicles and healthcare, including : automated vehicle driving, remote control driving, flexible manufacturing, and telemedicine surgery.
5G network slicing, energy and power, government, medical, connected cars have the highest degree of urgency in demand, and the highest requirements for network and data security, due to the urgent needs of the government, energy and power industry, the industrial manufacturing industry is a large scale, so the future market potential of these industries is relatively large.
5G private network market space is huge
With the continuous progress and convergence of edge cloud and intelligent network slicing technology. Coupled with the expanding scope of deployment, the capabilities of the 5G network will continue to increase, and 5G private network operations will continue to enter the high-value areas of government and enterprise customers, and go deeper and deeper into the industry value scenarios, in order to obtain new and greater benefits. According to GSMA forecasts, China's industrial manufacturing, government security, transportation and logistics, car networking and other industries in the next five years, the market size of more than trillion, and 60% of the new value of the market in the government and enterprise customers, 5G real application scenarios 80% lies in the field of the industrial Internet, the future of 5G private network market space has huge potential.
-- For more research and analysis of this industry, please refer to China 5G Industry Development Prospect Forecast and Industry Chain Investment Opportunity Analysis Report
.