Why 5G is a huge enterprise opportunity the cloud giants have already moved in on Presented by Accenture
Analysts predict the market for 5G enterprise networks, enabled by cell towers like this, is multi-billion dollars — and cloud giants are partnering with telcos to capitalize on it.5G is the next-generation telecommunications network, which could power the IoT and smart cities.Enterprise 5G networks are a big opportunity that analysts say could reach $5.7 billion by 2024.
At the moment, 5G networks are still being rolled out by wireless carriers, and the public has yet to fully realize its benefits. But there are plenty of opportunities for startups and major companies alike, including in partnering with wireless carriers, deploying private and enterprise 5G networks, and developing 5G-enabled applications.Though it's still early stages, analystsPart of that is because of the rise of edge computing, the industry term for.
"What we're seeing right now is a proliferation of a new industry, for lack of a better term, where we've seen a lot of partnerships that are being announced between the cloud providers and the telco providers," said Sid Nag, a vice president focused on cloud services at Gartner. Cloud providers don't own the millimeter spectrum required to build 5G networks but have customers who want to utilize them. Telcos, meanwhile, have built the 5G"superhighways" but don't have the traffic — creating a natural fit between the two, Nag told Insider.
And cloud giants have already moved quickly on the opportunity, said Patrick Filkins, a 5G-focused analyst at IDC.
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