A new study from Juniper Research, the foremost experts in telecommunications markets, has found that the number of CBRS connections in the US will increase from 17 million in 2023 to 66 million in 2028.
It predicts that this substantial growth of over 280% will be driven by the technology’s ability to offer 5G services at a reduced cost to industries, such as energy, mining and manufacturing. This reduction in costs is achieved through the removal of spectrum access fees.
CBRS (Citizens’ Broadband Radio Service) is a spectrum-sharing initiative in the US, with access provided by CBSDs (CBRS Devices), which greatly reduces the cost of connectivity for enterprises.
Industrial Use Cases Represent Best CBRS Opportunities
The report predicts that while the lack of spectrum cost can impact upon the quality of network service via CBRS, service vendors will find the most success with industrial use cases. By 2028, 50% of CBSDs will be attributable to the industrial sector. It anticipates that these use cases, which are often in remote locations, will benefit from the lack of competition from other CBRS spectrum users.
It also predicts that private networks will be the key use case for CBRS over the next five years; leveraging 5G technologies via this spectrum. Private networks enable enterprise users to access the capabilities of 5G without accessing public networks from operators.
Research author Alex Webb remarked: “The most immediate priority for CBRS vendors must be industrial sectors, such as energy, mining and manufacturing, which will provide the most immediate return on investment.” Juniper Research