Revenues for 5G private network and 5G network slicing deployments in the Asia-Pacific region will increase from $732 million and $151 million in 2022 to over $13 billion and $12 billion by 2028, respectively.
5G-to-Business applications improve productivity and reduce costs for enterprises across verticals. 5G enterprise deployments reduce power consumption by improving equipment efficiency through data analytics and workplace safety with machine vision and AI, Matthias Foo, 5G Markets Industry Analyst at ABI Research, said.
Within the private 5G cellular space, manufacturing is projected to be the vertical with the highest revenue potential for 5G-to-Business applications in the Asia-Pacific region.
Key use cases utilize the capabilities of 5G to enable real-time robotic control for remote-controlled operations, autonomous vehicle operations, extended reality technology for training and support applications, and the collection of a large amount of sensor data for developing digital twins.
Some relevant case examples include South Korea’s LG Smart Park and Japan’s Fujitsu Oyama Plant.
In the 5G network slicing domain, the logistics vertical is forecast to be the highest contributor to revenue.
Key use cases for 5G adoption include vision-based inspections for autonomous and/or remote-controlled operations, asset tracking, and smart transport applications.
China’s Ningbo-Zhoushan Smart Port and Australia’s drone delivery operator Swoop Aero are the best examples.