5G will catalyze change in the industry by enabling new business models and pave the way for new enterprise use cases, according to a new report from ABI Research. Complementary to 5G, cloud-native platforms promise operational efficiencies and new growth for Mobile Service Providers (MSPs). The market for cloudified 4G and 5G network elements is expected to reach US$20 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 25%, the global tech market advisory firm finds.
Read MoreThe future of 5G lies in the enterprise, states global tech market advisory firm, ABI Research. In its new whitepaper, “The Five Myths of 5G”, ABI Research finds that use cases across different vertical markets, such as industrial automation, cloud gaming, private Long-Term Evolution (LTE), and smart transport systems, will become pervasive, and will unlock new opportunities for Mobile Service Providers (MSPs) along the way.
Read MoreDespite high ambitions for the smart manufacturing sector, mobile service providers (MSPs), are currently secondary players in this market, according to a new forecast from ABI Research. Consequently, their short-term opportunity in manufacturing is forecast to be only $2.6 billion by 2022,
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