image credit: Pixabay

Nokia, Verizon working on private sector 5G venture

October 22, 2020

Via: TechSpot

“Private wireless connectivity has become central to many industries in realizing their long-term digital transformation goals. By delivering private 5G together with Verizon, we’re paving the way to accelerate digitalization for the most demanding industries who crave reliable wireless connectivity,” he said.

A new forecast by the ABI Research firm predicts that demand for private cellular networks will grow significantly by 2030, raking in sales valued at over $64 billion. Large-cap businesses with annual revenues exceeding $1 billion are expected to stimulate the initial growth of the overall private network market in the next 10 years.

Read More on TechSpot