In a world where the hybrid work and where the electronic commerce integrated into the new normal, the connectivity it becomes a key aspect for economic and social activity. Today it is an important enabler for advancing manufacturing, power grids and smart citiesand also for the digital health careamong other developments.
“In this context, the adoption of the Cloud environment and the expansion of online applications, added to the growth in the number of connected IoT devices, require faster, simpler and lower cost methods to connect to the Internet”, comments Cristian Rojas, Chief Technology Officer of BGH Tech Partner.
Such is the case that changes are already happening during 2022, such as software-defined wide area networks (SD-WAN) eventually replacing traditional MPLS.
In fact, the size of the global SD-WAN market is projected to reach, according to Market Reports World, a market research reporting and industry analysis reporting consultancy, $5,221 million for 2028, against US$995 million in 2021; that is, it will grow at a compound annual interest rate of 26% between 2022 and 2028.
The context in Latin America
The Latin American market for SD-WAN services is still nascent, although it is attracting the attention of companies looking to take advantage of the business benefits that the technology offers, such as faster branch deployment, cost savings, optimized cloud connectivity and Application aware routing.
In fact, regional market revenues exceeded $142 million in 2020 according to a report by Research and Markets, the world’s largest market research outlet.
“Today, a number of emerging technology trends depend on ubiquitous next-generation connectivity. But current networks cannot provide the level of service required for these technologies.
For this reason, at a time when people are already beginning to talk about 6G, there is a challenge for 5G technology with fixed wireless access (FWA) to take off as a viable last-mile alternative. In this way, the high speed broadband it would expand job opportunities and support SMEs in rural areas”, they explain from BGH Tech Partner, who bring connectivity solutions for companies to reduce time in business processes and improve productivity.
BGH Tech Partner is the business unit of BGH Group that provides innovative technology solutions for organizations to lead the digital age.
Thanks to the innovative developments of this type of company, it is expected that 5G connections in Latin America increase from 0.3 million in 2020 to almost 62 million in 2025 according to Statista, an online statistics portal, a year in which they will represent 13% of mobile subscriptions in the region -and in which LTE (4G) will still represent 68% of mobile subscriptions in Latin America-. However, Wi-Fi 6, already quietly outpacing 5G, will also have a significant role to play in the future of wireless connectivity, for both consumers and businesses.
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