Business Latin America

  Ericsson helps Nestlé deploy first private 5G network in Latin America In Latin America, the emergence of IoT and edge computing has made 5G adoption an imperative in almost every facet of new technology. With this emergence comes the need for higher data processing speed, more network reliability, ultra-low latency and huge network capacity. All these requirements are mostly driven by edge computing and 5G networks. Source. Tech Republic Ericsson’s latest 5G deployment at Nestle may be laying a foundation for the rapid growth of industry 4.0 across Latin America. The Latin America edge computing market is expected to reach $440 million by 2023, with an expected CAGR growth of 31.1 percent. A recent GSMA Intelligence consumer survey forecasts the growing demand for 5G networks in Latin America. The survey points out that the 5G market in Latin America is heating up and consumers are willing to pay extra for their 5G mobile subscription compared with what they pay for their cu