Nokia estimated that the addressable market for core networks in enterprise private wireless is expected to reach $1.6 billion by 2027
Nokia unveiled its new network software solutions for the field and wide area network (FAN/WAN) needs of public safety and power utilities.
The vendor said in a release that this launch expands its portfolio range for mission-critical enterprises and governments.
Nokia said its core enterprise solutions are optimized to help enterprises take advantage of secure carrier grade capabilities and digitalize their network infrastructure to realize increased automation, productivity and efficiency.
The Finnish vendor estimated that the addressable market for core networks solutions in the enterprise FAN/WAN private wireless communications space is expected to increase 50% and reach EUR1.5 billion ($1.6 billion) by 2027 from approximately EUR1 billion today.
Nokia also highlighted that its core enterprise solutions are designed for enterprises and governments that have networking requirements similar to a communication service provider. These new solutions are tailored to the specific mission-critical network needs of public safety and power utilities and include highly optimized footprint and operational requirements and streamlined deployment and support, according to the vendor.
The solutions, which will be commercially available later this year, provide unified 4G and 5G data, voice and subscriber/device management capabilities. They also feature broadband-enhanced communication tools for public safety and offer the introduction of IoT in power utilities, according to the company.
Fran Heeran, SVP and general manager of core networks, cloud and network services at Nokia, said: “This exciting new evolution of our Core portfolio further enhances Nokia’s leading position in private wireless. Nokia core enterprise solutions will provide important catalysts for accelerating digital transformation for enterprises in public safety and power utilities. They will modernize large scale enterprise networks, as well as provide important broadband capabilities and a clear and path to deploying private 5G for the WAN.”
“A select set of government and business operations provides essential safety, energy, and transportation functionality required for a safe society and robust economic growth. These organizations have a unique requirement for wide-area wireless operations across sweeping geography with secure, ubiquitous, and high-quality connectivity enabled by private 4G and 5G networks. Nokia’s pre-integrated, sector-optimized mission-critical core network solutions can reduce risk and help speed challenging wide-area private network deployments,” said Ken Rehbehn, principal analyst at CritComm Insights.
Earlier this year, Nokia and Kyndryl extended a previous partnership to further accelerate adoption of cellular-backed Industry 4.0 solutions and announced they are working with security specialist Palo Alto Networks to open a partner innovation lab in the U.S.
The two companies said they now tally 100 active engagements around private 5G and 4G networks, as well as mobile edge computing (MEC) technologies, for enterprises.
According to the companies, 90% of those engagements—which span “from advisory or testing, to piloting, to full implementation”—are with manufacturing firms.