Baicells has expanded its collaboration with Qualcomm Technologies to promote global 5G private networks for digital industrial transformation. Both companies have agreed to broaden their portfolio of technologies, markets, and other resource advantages to expand global 5G adoption. These 5G applications include industrial Internet, smart cities, Internet of Things (IoT), and other Industry 4.0 applications.
Baicells is an international, LTE and 5G hardware company that works with private internet providers, governments, and enterprise partners to develop 5G technologies that can meet the ever-growing demands for internet access. By championing open technologies, Baicells has developed a growing ecosystem of 5G+ partners. These partners use Baicells open technology to develop 5G applications that can meet the demands of the various market segments.
5G adoption is gaining ground as more enterprises are using wireless technology to achieve incredibly fast internet connectivity while improving network security. According to the recent report “Global Private 5G Network Growth Opportunities” by Frost & Sullivan, the global dedicated cellular network market will grow at a CAGR of 28.1% to $6.32 billion by 2026, up from $ 1.83 billion in 2021. Private 5G networks will contribute to this significant growth and are forecasted to reach $5.05 billion by 2026, up from $600 million in 2021.
Regarding the cooperation, Sun Lixin, Chairman and CEO of Baicells said: “The strategic partnership Baicells has developed with Qualcomm marks an important milestone for the company. Baicells is a leading driver of innovative 5G technical solutions, and together with Qualcomm, we will help to facilitate the deployment of 5G globally.”
Gerardo Giaretta, Senior Director, Product Management, Qualcomm Technologies said: “We are pleased to enhance our collaboration with Baicells, who is already a part of our 5G Private Network Partner Ecosystem Program, to power the digital transformation of key industries such as warehousing, logistics, factories, and retail. By leveraging our RAN automation and management offering, we are well-positioned to enable the device ecosystem and drive 5G global growth.”
Baicells and Qualcomm Technologies are both heavily invested in the communication industry and this agreement promotes a complementary relationship. The signed strategic cooperation agreement will allow for more diversified and deeper cooperation in the 5G private network market, while creating further value for social development.