Jan. 11, 2023 — A broad range of enterprises and industries are set to benefit from a significant expansion in the Ericsson (NASDAQ: ERIC) Private Network portfolio with the addition of a new IT-focused offering from the Ericsson subsidiary, Cradlepoint.
Called NetCloud Private Networks, the software-defined solution is a complete subscription-based offering with an initial focus on traditionally lean IT-oriented enterprises, including the logistics, light manufacturing, government, large retail, healthcare and hospitality sectors.
NetCloud Private Networks will be available from January 11, 2023, initially targeting the United States’ market via CBRS spectrum.
The addition of NetCloud Private Networks means that Ericsson has the most comprehensive Private Network portfolio in the industry as enterprises and industries worldwide embrace digitalization and the fourth industrial revolution.
Whether you’re a company deploying a private cellular network or a communications service provider reselling a private network solution, having a vendor that can address a broad set of use cases is paramount. Ericsson is focused on creating a broad portfolio of private network solutions that address the diverse needs of IT and OT buyers — addressing simple to more complex environments.”
Will Townsend, vice president and principal analyst, networking and security, Moor Insights & Strategy
This new launch from Cradlepoint, and its addition to the Ericsson Private Networks portfolio, is another milestone in the successful integration of Cradlepoint into Ericsson. Ericsson has strengthened its leadership position in offering private cellular network solutions that address multiple use cases in enterprises of any size, and across many industries. Customers will benefit from our breadth of capabilities as they pursue wireless-driven digitalization and next-generation connectivity innovation. NetCloud Private Networks is specifically focused on the unique requirements of IT organizations looking for a software-defined solution that leverages their network investments, brings enterprise-class security, enables plug-n-play deployments, and is simple to manage.”
George Mulhern, senior vice president and head of business area enterprise wireless solutions, Ericsson, and CEO of Cradlepoint
With the addition of NetCloud Private Networks, the Ericsson Private Network portfolio now consists of:
International Data Corporation (IDC) research forecasts the worldwide private LTE/5G market to top USD 8.3 billion in revenue in 2026 — with a five-year compound annual growth rate (CAGR) of 35.7 percent across 2022-2026.
Such predicted growth will be driven by innovation shifts across enterprises and industries. Private mobile network solutions enable companies to easily enhance existing applications and introduce new augmented reality/virtual reality (AR/VR)-enhanced, security-dependent, and low latency applications.
Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company’s portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com