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
“These findings reinforce the urgency for enterprises to prioritize resilient and secure network connectivity as industries across the
“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.”
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2024 GlobeNewswire, Inc., source