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Ericsson | Regional Connect Magazine
New opportunities for 5G revenue in the enterprise market Ericsson acquires Cradlepoint, market leader for Wireless WAN Edge 4G and 5G edge solutions
Cradlepoint, the US-based market leader in Wireless WAN (WWAN) Edge 4G and 5G solutions for the enterprise market, has joined the Ericsson family. This combination will enable regional carriers to support 5G-enabled services for enterprise, unlocking new revenue streams and accelerating return on 5G investments.
The growth trajectory of the WWAN serviceable market continues to gain momentum. Key growth drivers include the uptake of 5G, massive growth and proliferation of IoT use cases, expansion of cloud applications, and increased enterprise wireless connectivity penetration.
25-30% Growth in the WWAN serviceable market projected between 2020-2024 With access to the combined strengths of Ericsson and Cradlepoint in 5G, IoT and WWAN Edge solutions, regional carriers will now have new ways to harness the growth of this burgeoning market. Åsa Tamsons, Senior Vice President and Head of Business Area Technologies & New Businesses at Ericsson, said, “With Cradlepoint’s market-leading solutions, we are strengthening our enterprise offering and taking an important step
to lead the next wave of enterprise network transformation. Together, we will power solutions to the customer edge that help improve productivity and deliver realtime services, enabling us to drive faster adoption of 5G in enterprise segments. This is good news for our customers as it helps them accelerate returns on 5G investments.”
What does Cradlepoint do? Cradlepoint’s subscription-based WWAN Edge solutions combine cloud, softwaredefined networking, multi-layer security and 4G and 5G cellular technologies to connect people, places and things, anywhere. Cradlepoint provides services that extend the reach of the enterprise by making it simple to connect remote devices back into the network. The company offers the industry’s most comprehensive portfolio of 4G and 5G Wireless Edge Solutions for fixed and temporary site networks, mobile and in-vehicle networks, and IoT and connected device networks.
