5G Service Providers Need to be Cultivating the Emerging Enterprise Market
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Update time : 2021-02-09 11:08:00
“The five-year compounded annual growth rate (CAGR) for MEC is expected to be 141 percent,” stated David Bolan, Research Director at Dell’Oro Group. “In 2020, we saw the first 5G Standalone network deployed with Public MEC and Private MEC at China Mobile. We expected more in 2020, but we are projecting a pick up in 2021 and 2022, albeit, at a slower pace than what we thought in our previous forecast.
“The enterprise market opportunity for low-latency networks will greatly accelerate in the later years of the forecast. 5G SPs need to be cultivating the emerging opportunity or miss out on growing their revenues beyond mobile broadband,” commented Bolan. “Public Cloud SPs are expected to play a role in some fashion, and the extent of that role is dependent on the Public Cloud SPs meeting certain challenges,” added Bolan.