PR Newswire
22 Jun 2022, 12:42 GMT+10
Network automation enables all parts of the 5G network, allowing it to operate more efficiently than was previously possible, says Frost & Sullivan
SAN ANTONIO, June 22, 2022 /PRNewswire/ -- With the 5G network moving to the cloud, the network is now software-based and requires automation to succeed operationally and financially. Frost & Sullivan's recent analysis finds that network automation enables all parts of the 5G network-the radio access network (RAN), the transport network, and the core/edge networks-to operate more efficiently than previously possible. Due to this, the global 5G network automation market is gathering momentum and is expected to reach $5 billion by 2026 from approximately $3.5 billion in 2021.
For further information on this analysis, Global 5G Network Automation Growth Opportunities, please click here
"Network automation is an essential part of 5G because it enables efficiency and cost savings for communication service providers (CSPs)," said Troy Morley, Industry Principal, ICT at Frost & Sullivan. "While the entire 5G network will benefit from network automation, the most significant growth opportunity lies within the 5G RAN, where CSPs invest the largest portion of their capital expenditures (CAPEX) and operating expenditures (OPEX)."
Morley added: "With nearly 70% of infrastructure spend, slight improvements in the RAN due to network automation lead to significant payback for CSPs, particularly concerning OPEX. Further, the new architecture of the 5G RAN has opened the market to many new suppliers bringing in specialists in machine learning and artificial intelligence."
The global 5G network automation market presents opportunities in the space of:
Global 5G Network Automation Growth Opportunities is the latest addition to Frost & Sullivan's ICT research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Global 5G Network Automation Growth Opportunities
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SOURCE Frost & Sullivan
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