Based on its Private 5G (P5G) offering, global technology services provider NTT has partnered with ServiceNow to develop artificial intelligence (AI) and cloud-based workflows that will help enterprises digitize work-based realizing the benefits of private 5G deployment and adoption.
The two companies believe that to extract value from private 5G, customers need to digitize new and existing business processes to address the gap between their current workflows and private 5G networks. The benefits of doing so are many.
According to research from NTT in December 2021, there has been considerable interest in private 5G networks, with 90% of executives surveyed expecting private 5G to be the standard network option, which are the most popular reasons to implement private 5G is to improve security, reliability. and speed. It also found that just over half of the companies (51%) planning to deploy a private 5G network said they would do so in the next six to 24 months.
“To truly benefit businesses, private 5G cannot function as a noose divorced from other digital workflows,” said Camille Mendler, chief analyst, enterprise service provider at leading analyst firm Omdia . “Using proven and familiar management tools, businesses can accelerate and eliminate risk their digital innovation while gaining deeper insights about their business.”
NTT said the partnership with ServiceNow will allow organizations to streamline the deployment and integration of private 5G, adding that chief information officers and chief digital officers can resolve business issues. using cloud-based economy, faster time to market and an enhanced service management experience. Based on NTT’s recently launched P5G Platform and end-to-end stack of services, NTT and ServiceNow are working together to simplify the digitization process. As a result, they say, clients can shorten their time to market using the cloud-based economy and an enhanced service management experience..
“Our global clients are looking to reach the next level of customization, personalization and operational efficiency necessary to continue to compete in an increasingly fast-paced digital environment,” said Eric Clark, chief digital and strategy officer at NTT Data Services. “Building this workflow engine using the power of ServiceNow and the end-to-end capabilities of the NTT family will accelerate the support and activation of business processes essential to private 5G travel.”
Lara Caimi, chief customer and partner officer at ServiceNow, added: “Together with NTT, ServiceNow will bring new use cases powered by a secure private 5G connection to a turn-key, ‘as-a-service. ‘consumption model. This will accelerate key business initiatives across various industry verticals. “
A recent study from the Dell’Oro Group calculates that total private wireless radio access network revenues, including macros and small cells, are expected to more than double between 2021 and 2026. The technology LTE will dominate the private market in 2021 and 5G is on the right track to surpass LTE in 2026, approaching 3-5% of the total 5G private plus public RAN market in 2026.
The pace of development has been slower than expected, driven primarily, the analyst said, by the challenges of converting these initial trials into commercial deployments, and although awareness of 5G is improving, Dell’Oro Group warns that it will take time for businesses to fully understand. the cost of private LTE/5G.
That said, the analyst added that the successful launch of private 5G services by suppliers with strong enterprise channels could accelerate the private 5G market at a faster speed than expected.