The year 2020 may not have been the best for many, but it sure did see a handful of potentially good attainments. Among these lesser-known reports, excerpts were the news of the 3.5 GHz spectrum auction. The government has now decided to create a new path by putting control over these networks up for auction. Many private companies unsurprisingly flocked at the potential opportunity. A controlling power in this could very well mean gaining the technology of the future.
Furthermore, a significant reason for this flock auctioning has been the estimated network usage that we could soon be looking at across the United States. A sum of about 4.5 Billion was ventured in this event, and while that sounds like a vast sum, the revenue anticipation is way more enormous. It is estimated that the incoming revenue from LTE privatized networks could go north of 15 Billion dollars in the next five years.
Let’s not forget that this revenue is just from the private LTE networks. So let’s look at just what we could be looking at soon.
One of the well-known facts about privatized networks is their quality. While there are considerable hikes in prices and availability that come to question, the quality of an LTE network could meet a new standard at the hands of privatized networks. Similarly, VoLTE testing tools become essential. With the IoT or the Internet of Things almost here, there will undoubtedly be various sectors that will almost exclusively rely upon the LTE networks or public Wifi availability. For multiple sectors, the public networks could do a fine job at keeping things fresh and daisy.
However, this might not necessarily be the situation for all sectors with different needs. As mentioned before, a privatized sector for LTE can bring with its various advantages like:
- Enhanced service quality
- Higher security levels
- Better Control
A Truly Modern Era of Networking
As the recent auction concluded, many things became clearer to many across the globe. The newfound freedom that private sectors had could now very well be enjoyed almost freely. However, this was not the case for these private industries until very long ago. Previously, enterprises had to get into a legal bond with service providers if they wished to network.
This scenario meant creating a licensed bond wherein the contract would more or less split the control and ownership 50-50. A less popular version of this was on the unlicensed front, where these LTE networks would be set up in lesser-known brands that offered spectrum.
Now, there is a chance to operate on a shared spectrum for licensed and unlicensed parties. This scenario would mean that the CBRS is leveraging both kinds of spectrums and would create a way for a new approach of delivering LTE connectivity for the private sector.
This scenario would also similarly soon apply to the LTE spectrum and the 5G spectrum. It will be really appealing to see how simulators test 5G networks like the UE simulator fall into place.
What is in Store for the Future?
One of the significant upsides of the IoT is going to be that it is going to unlock a world of possibilities. But to use these possibilities at their maximum cap, we need something better like the privatized LTE networks. With the help of these networks, we should reach new levels of efficiency with these things. As the IoT keeps getting bigger, there will be an increased amount of data that will need to be transported at all times. This scenario is where these privatized LTE/ 5G networks come in. They offer a radically easy solution to the capacity of the network and the resiliency of things.
Much of the equipment used relies today upon public networks as it is technologically advanced. For instance, mining equipment is one such type of equipment that usually uses efficient tools. Unfortunately, it also has significant network restrictions that can become a thing of the past with the 5G networks rolling in.
Private networks can explore a world of possibilities, thanks to their high-end features. Any such license holders then can build a new business model itself based on monetization and revenue collection. It will require a balancing act, but if balanced correctly, it could fuel such systems’ structure for a very long time to come.
Private organizations will not directly generate revenue; however, establishing a monopoly will precede all other whims and fancies. A good way of approaching this situation for them would be to keep the costs to a minimum and have a sound performing system that generates its buzz. This way, they can automatically enter the market as a reliable brand and capitalize on the upcoming scenarios.