CAMPBELL, Calif., Nov. 27, 2018 /PRNewswire/ -- RAN equipment vendors and chipset suppliers are investing a great deal into developing low-latency, high reliability communications. According to a report published this week by Mobile Experts, the industry is investing around $1 billion during 2018 alone to make 5G capable of Ultra Reliable Low Latency Communications (URLLC). But it begs the question: is this investment justified?
Mobile Experts' new report considers a wide variety of applications over the course of the next five years, and clearly identify which applications are realistic and which are not. Applications analyzed include self-driving cars, drones, remote surgery, industrial operations, electric utilities, virtual reality, and manufacturing robot controls.
"We're teetering on the edge of some massive, important changes in connectivity," commented Principal Analyst Joe Madden. "During the next year or two, it's vital for market players looking into URLLC to make educated decisions about their investments of energy, of resources, and of time, because there will be very clear winning and losing courses of action stemming from the URLLC market."
Mobile Experts relied on direct input from more than 20 industry sources, including input from multiple mobile operators and enterprises in key industry areas. Technology suppliers were particularly helpful in illustrating the technical details, but Mobile Experts relies exclusively on interviews with industrial firms to build assumptions regarding market adoption. The market includes information on device shipments as well as service revenue.
"In this report, we've included a complete view of high-reliability IoT applications, including Industrial, Healthcare, Automotive, Transportation, Oil/Gas, Mining, and Manufacturing. There are a few major market challenges, along with certain market drivers, that are essential to a clear view of how this market will grow," commented Principal Analyst Joe Madden.
Subscribers to Mobile Experts research will receive:
- Full access to the 26-page URLLC and 5G IoT 2018 report;
- 17 detailed charts and figures;
- The detailed Excel file with forecast data through 2023;
- Quarterly market share, pricing and shipment updates;
- Quarterly Expert INSIGHT strategic reports;
- Access to the analysts behind the reports.
About Mobile Experts Inc.:
Mobile Experts provides insightful market analysis for the mobile infrastructure and mobile handset markets. Our analysts are true Experts, who remain focused on topics where each analyst has 20 years of experience or more. Research topics center on technology introduction for radio frequency (RF) and communications innovation. Recent publications focus on URLLC,CBRS, DAS, Big Picture IoT, RRH, LPWA, RFFE, Cellular IoT, 5G Broadband, Fixed Wireless, Edge Computing, Macro Base Stations, Enterprise Mobile Infrastructure, Smart Cities, GkM, Backhaul, CRAN/VRAN, Small Cells,Backhaul and Fronthaul, and more.
SOURCE Mobile Experts