A new report from management consulting powerhouse Deloitte highlights the growing opportunity for service providers with Enterprise Wi-Fi 6 and 5G. Businesses will spend heavily on these advanced wireless networking technologies over the next three years, according to Deloitte’s forecast.
Organizations will spend an estimated $115.7 million over that period, with 86% of networking executives saying that advanced wireless will transform their organizations
About the same amount (87%) expect advanced wireless technologies to create significant competitive advantages for their companies. More than three quarters (76%) expect 5G to be a “critical” networking technology for their company in three years, while 70% feel the same way about Wi-Fi 6.
Advanced wireless technologies are gaining in strategic importance as respondents expect their use of 5G and Wi-Fi 6 to more than double over the next three years and their use of 4G LTE and Wi-Fi (5 and below) to lessen, but not disappear, according to Deloitte analysts.
“Our survey confirms that networking executives are ‘all in’ when it comes to adopting the latest wireless technologies,” said Dan Littmann, principal, technology, media and telecommunications, Deloitte Consulting LLP, in a prepared statement. “Respondents resoundingly view advanced wireless technologies as a key enabler of AI, Cloud and Analytics-based innovations. The Covid-19 pandemic itself may even accelerate demand for automation that enables social distancing in the workplace and relies on a more robust and powerful network infrastructure.”
Among other survey findings:
Businesses will be turning to their trusted technology partners for strategy, implementation, and ongoing support with this growing interest in advanced wireless networking technology. It presents a real opportunity for service providers to play that role.
ETI can help our clients better seize this opportunity. We have a portfolio of products and services, from next generation service fulfillment and subscriber management, to network automation and professional services, all of which can be put to work in support of client initiatives. Contact us to start a dialogue on how we can help you monetize this opportunity.