Business
Communications Service Providers Are Ready to Seize the Growing Enterprise and Industrial Connectivity Opportunity Enabled by Mobile Private Networks, Amdocs Research Finds
According to research from Coleman Parkes, 40% of communications service providers (CSPs) are focusing on large and enterprise level companies for their
About this update from Amdocs Limited
[{"type":"text","content":"According to research from Coleman Parkes, 40% of communications service providers (CSPs) are focusing on large and enterprise level companies for their mobile private network solutions; half cite developing private network use cases as a top three short-term priorityJERSEY CITY, NJ / ACCESSWIRE / February 23, 2023 / Communications service providers are ready to jump into new revenue streams enabled by enterprise and industrial connectivity, according to research published today by Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies.As the needs and connectivity challenges of communications and media service providers related to coverage, capacity, reliability, and control evolve, they're demanding new communication capabilities that go beyond those enabled by traditional public networks. Mobile private networks (MPN) allow service providers to monetize their network investments by creating additional revenue streams from existing enterprise customers. Still, deploying a private network is an intricate process that demands a broad range of skill sets, network components and technologies.According to research by Coleman Parkes*, commissioned by Amdocs, 90% of CSPs have already executed or have plans for MPN offerings, stating that developing use cases is a top three short-term priority. Further, almost 60% of CSPs say their private network partners need to have a deep understanding of their business requirements. Complexity and variety of options also increase the need for software automation for scalability to ensure future growth (46%).Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs, said: \"Mobile private networks will form a key component of a secured enterprise network in an increasingly hyper-connected world. From autonomous factories, to connected campuses, to automated workplaces and beyond, mobile private networks enable enterprises to address quality, latency and security demands.\"Amdocs' Mobile Private Network solution is built to tackle the challenges of MPN implementation by providing end-to-end accountability across all building blocks of the private network. This includes the RAN, core, security and applications, combined with services for deployment and operations. From the start, Amdocs applies its skills and expertise to disco...