Continued 5G studies reveal a market that is perfect for Wytec’s growth and market viability. The doors that 5G and IoT are opening will create a “variety of workloads with different characteristics and needs,” thus the applications industries are developing should accommodate all workloads.
“Ericsson conducted an extensive study on the 5G business potential for operators showing that, between 2020 and 2024, the 5G revenue potential for operators will grow from USD 14 to 129 billion”. Wytec is preparing to tap into these revenues as it builds it 5G ready network, which it began testing in Columbus, Ohio last week. More on that soon!