As stated by Gartner, digitalization refers to using digital technologies to change a business model and provide new revenue and value-producing opportunities. In business, this has proven to be almost essential for success today. New devices and applications help to improve the efficiency of operations, making automation possible so that human errors and operational costs are reduced.
IoT is growing rapidly as a major part of digital transformation, with the market projected to grow from USD 381.30 billion in 2021 to USD 1,854.76 billion in 2028 at a CAGR of 25.4 percent in the 2021-2028 period. This level of uptake is both a result and an impetus of the developing technologies that underpin the IoT.
Along with the expected continuance of digitalization, the IoT industry also saw a boost with the recent introduction of 5G. While 5G is currently undergoing its rollout, the growth of the new network technology is expected to be rapid. By the end of 2024, there are projected to be 1.5 billion 5G mobile subscriptions, as the network is predicted to cover 40 percent of the world and handle 25 percent of all mobile traffic data in the same period.
5G offers extremely low latency rates, which make for faster, smoother, and more reliable connections, and when paired with IoT, the digital possibilities become endless. The partnership represents a fundamental change in the mobile ecosystem, unleashing a powerful combination. “Smart” applications and real-time automated decisions are now becoming a reality thanks to the union of 5G and IoT.
The opportunities and benefits that 5G, IoT, and other innovative technology provide have spurred businesses in every industry to look towards digitalization. However, adopting and leveraging various new technologies is a difficult challenge for some companies, especially those that lack the funds or digital know-how. Many businesses are now looking for a simpler way to use these technologies for the benefit of both themselves, and their customers.
Radisys Corporation, a global leader of open telecom solutions, recently announced the launch of its Connect RAN 5G IoT software stack, which supports diverse IoT use cases from ultra-low-cost, low battery device-driven deployments like metering and asset tracking to mission-critical, ultra-low latency, time-sensitive industrial deployments, and XR, Video Surveillance, and wearables deployments.
Radisys Connect RAN 5G IoT software enables rapid time-to-market for new use cases while lowering the upfront CAPEX spend.
“We are excited to launch our 3GPP compliant Connect RAN 5G IoT Software Suite, providing our customers with an industry-leading, feature-rich stack that meets the multitude requirements of IoT solutions and networks based on 5G,” said Munish Chhabra, SVP and general manager, Software and Services, Radisys. “With this launch, Radisys continues to maintain its leadership in delivering multi-platform, standards-based 5G software with flexible deployment options to our customers, enabling them to address the diverse IoT markets.”
The resulting acceleration of the RoI is a significant benefit for the entire 5G ecosystem. It enables different 5G IoT use cases by offering features including NB-IoT and eMTC/LTE-M based on LTE waveform and uRLLC, NR-lite / RedCap, and eMBB based on NR waveform. It also offers advanced positioning support through the NR Positioning feature for indoor and outdoor positioning.
For mobile operators, the 5G IoT software stack delivers new enhancements in functionality, coverage, latency, low power consumption, reliability, and ease of deployment.
The 5G IoT software suite provides an exhaustive list of 5G RAN technology enablers for both Terrestrial and Non-terrestrial (SATCOM) networks to meet the diverse demands of IoT solutions through a single RAN base. It also provides software deployment flexibility, including different CU-UP deployments – with/without E1 Split, CU-DU Architecture Split options – AiO, CU-DU Option-2/6 split, DU-RU Option-7.x split, across different platforms and form-factors for both indoor and outdoor solutions.
Finally, the software solution enables OEMs, ODMs, and operators to cost-effectively develop and deploy IoT solutions and networks, catering to various business segments like Industrial, Manufacturing, Healthcare, Agriculture, Hospitality, Logistics, Building Automation, Smart Cities, Utilities, including Power Distribution and Metering and many more.
Edited by Luke Bellos