The 5G Train Gains Steam
- Nov 9, 2021 12:18 pm GMT
5G technology, an emerging cellular Wide Area Network (WAN) technology, is designed to support remote devices, like IoT sensors used on utility industry power lines. The network option has been acquiring supporters among energy companies, who deploy private 5G cellular to support remote workers and workgroups.
Traditionally, telecommunications service providers drove sales of 4G network equipment. 5G was built to be used by corporations as a well as carriers. Energy corporations use it to support mobile field technicians and even home workers. As a result, spending on private network hardware and services is expected to reach about $12 billion in 2023, up from $5.5 billion in 2021, a Compound Annual Growth Rate of 47.7%, according to Juniper Research.
Two Deployment Options
These networks are installed in two ways. Traditional carriers lease and manage networks to energy companies, much like private line services today. Option two is energy companies purchase equipment from networking vendors, such as Ericsson and Nokia, and run their own networks.
As they adopt the technology, energy companies face challenges. They have little to no experience with 5G, so staff requires training on how manage them properly and efficiently. If they buy equipment from Ericsson and Nokia, they also need IT staff to support the new connections.
5G is a fledgling technology that meshes with utility remote workforce needs. As they evaluate the technology, utilities need to determine which approach they will take and how they will support the connections.
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