AIGO is one of many companies in the world that are engaged in the most direct manner in the great global turning point of the 21st century: information and communication digital revolution. This huge change, which pertains to the current civilization and its organization, places great demands and challenges especially on the entire economy and its activities. And in the time of the global COVID-19, pandemic, all the needs for digitalization and information-communications reorganization have only increased.
Today, the industry leaders, despite their heritage and strength, are going through a transformation caused by the fourth industrial revolution in nearly all industries. Industry 4.0 is a challenge in the sense of observing industrial operations in a hyper-movable and pure digital world. We are witnesses to the accelerated global transformation from the physical to the digital sphere of work and life.
In order to remain competitive, successful companies strive more and more toward Industry 4.0 by modernizing and automating their industrial operations through the use of advanced and smart technologies such as the Internet of Things (IoT), private wireless networks, whether private LTE or 5G networks, robotization etc.
Industry 4.0 uses highly intelligent, automated an cyber-physical systems which require robust wireless connections with a small lag. As a result of that, numerous companies and factories from the energy, logistics, automotive and mining sector are adopting private LTE or 5G networks. Private LTE and 5G networks guarantee for companies specific requirements when it comes to performances which are necessary for modern business processes and innovative applications in Industry 4.0. Companies mostly prefer private networks due to various advantages, such as small lags, high speeds, scalable control and extreme reliability in very dense, machine-oriented environments. These advantages are especially important for companies with critical production and critical services, such as public safety agencies, military, utility, oil and gas companies, mining groups, rail and port operators, producers and industrial giants, which make substantial investments in private LTE or 5G networks.
Wireless networking in industrial and critical domains has great potential that companies should use as an opportunity for growth and development of smart connected systems which introduce us to a whole new world and bring new value to users. All this speaks in favor of the fact that the new technologies of private LTE and 5G networks will play an important role in our near future and be one of the key market driving engines.
The global COVID-19 crisis is expected to contribute to an increasingly greater penetration of private LTE and 5G networks. The projections of world economic experts are that the global market of private wireless networks will record an annual growth rate of 35% in the 2020-2023 period, compared to the estimated USD 3.5 billion in 2019.
All things considered, new waves of the pandemic health crisis are on the horizon. The new increase of the already big information-communications demands and the new needs of the social community will not be left without an adequate AIGO response. We intend to beat the crisis and we will help everyone who joins us in this battle. As for us, each crisis serves to make the strong even stronger.
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