Private 5G Networks

In the late 2010’s, 5G emerged as a new standard in communication technology. 5G was designed to enable ultra-reliable low-latency communications (URLLC), massive machine-type communication (MMTC), and enhanced mobile broadband (EMBB) (see Exhibit 1 for a detailed explanation), all while reducing power consumption by 90%.1 Whereas previous generations of mobile standards such as 2G, 3G, and 4G were deployed by mobile network operators (MNOs) such as AT&T and Verizon and provided broad coverage, the emergence of 5G technology saw the emergence of organizations building their own private 5G networks to provide coverage for a specific building or area.