Cradlepoint Survey Reveals Enterprises are More Confident Utilizing 5G to Expand into New Business Opportunities
11 Abril 2024 - 10:00AM
Cradlepoint, part of Ericsson, the global leader in cloud-delivered
LTE and 5G wireless network and security solutions, today released
the State of Connectivity 2024, an annual global research report
that examines the business impact of connectivity. In partnership
with Censuswide, the report surveyed 1,003 decision makers across
various industries in the United States, revealing businesses are
increasingly planning to leverage 5G to address recurrent wired
network downtime, enable innovative technology such as AI and
Industrial IoT, match evolving cybersecurity risk and achieve
sustainability goals.
Most notably, investing in cellular connectivity is proving to
be a strategic business decision to combat the volatility and
constraints of wired connectivity while matching the demands of
rapid digitalization. The report found that lapses in wired
connectivity are resulting in costly downtime. In fact, more than
half of technology decision makers (54%) estimated their
organizations face 1-2 hours of connectivity downtime a week due to
network failure, and over one third of firms (34%) experienced as
much as 3-4 hours per week of connectivity downtime. While
utilizing cellular as failover connectivity is effective in
promoting networking resiliency, it can be even more beneficial as
a primary connectivity source, with cellular networks enabling
99.99% of network uptime.
Despite the proven benefits of 5G and government incentives, the
survey revealed that many firms still face barriers to 5G adoption.
A third (33%) of technology decision makers cite a lack of skills
necessary to adopt the technology, while others feel unsure about
the security implications across their organizations (31%).
Additionally, certain organizations are worried about cost (32%) or
struggling to see a clear return on investment (29%).
Part of addressing business continuity concerns, leaders are
also prioritizing network security. With business leaders reporting
that their organizations have fallen victim to phishing attacks,
ransomware and stolen credentials in the previous year, addressing
security is a top priority in 2024. In fact, 49% of businesses said
they have been subject to a network security attack in the last 12
months. Of those that were the target of a network security attack,
company data was most frequently targeted (42%), with 35% of
executives saying these security breaches usually result in data
loss. As more organizations seek to realize the benefits of an
expanded edge, reliable security options are essential to match the
growing scale of their network. This is why, according to the
report, organizations are leaning into security solutions that have
Secure Access Service Edge (SASE) and zero trust principles.
According to the report, sustainability is
identified as a priority for businesses across the U.S. as it
streamlines workflows and saves operational costs. Sixty-eight
percent of technology decision makers believe sustainability plays
a key role in their company’s short-term and long-term goals, and,
more importantly, it is seen as a vehicle to improve revenues
(65.8%). To accomplish this, 65% of executives agree that their
business needs smart facilities that incorporate IoT and connected
devices to operate more efficiently and sustainably. U.S.
businesses are on the right path, with 84.2% of those surveyed
revealing they use IoT devices across their business. Moreover, in
addition to cellular networks (29%) and equipment sensors (38%),
executives are planning to invest in technologies like AI/ML
(38.3%) to reduce waste and make their facilities more
efficient.
“These findings reinforce the urgency for enterprises to
prioritize resilient and secure network connectivity as industries
across the U.S. navigate uncertain economic climates, emerging
technology, advanced threat landscapes, changing consumer demands
and talent shortages,” said Donna Johnson, CMO at Cradlepoint. “The
data also confirms that 5G’s prevalence in the enterprise is
resulting in a positive impact on sustainability goals as we work
to reach net zero emissions, prioritize network security, and
eliminate downtime so operations can increase at scale.”
“Organizations are seeing the powerful combination of 5G
connectivity, generative AI, and IoT in real time. To keep up with
the speed of innovation, investments in the right network approach
are crucial to remove complexities, direct certain traffic, and
protect sensitive company data,” said Johnson. “Controllable,
scalable and secure networks for critical business functions come
with strategic 5G adoption.”
The full Cradlepoint 2024 State of Connectivity Report United
States can be found here.
About Cradlepoint Cradlepoint
enables the freedom to connect people, places, and things that
drive more experiences, more ways to work, and better business
results — anywhere. The company is a pioneer in Wireless WAN,
offering advanced 4G and 5G routers and adapters — controlled
through Cradlepoint NetCloudTM. Enterprise businesses and public
sector agencies rely on Cradlepoint and its Cellular Intelligence
to build a reliable, secure network wherever they need it,
connecting fixed and temporary sites, vehicles, IoT devices, and
remote employees. Headquartered in Boise, Idaho, Cradlepoint is a
wholly owned subsidiary of Ericsson (NASDAQ: ERIC) and part of
their Business Area Enterprise Wireless Solutions. It has
international offices in Asia Pacific, Canada, Europe, India, and
Latin America. www.cradlepoint.com.
ContactKelly
DorseyCradlepointcradlepoint@highwirepr.com
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