5G will catalyze change in the industry by enabling new business models and pave the way for new enterprise use cases, according to a new report from ABI Research. Complementary to 5G, cloud-native platforms promise operational efficiencies and new growth for Mobile Service Providers (MSPs). The market for cloudified 4G and 5G network elements is expected to reach US$20 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 25%, the global tech market advisory firm finds.
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