STOCKHOLM, Feb 14 (Reuters) - Nokia (NOKIA.HE) and Kyndryl (KD.N) have extended their partnership for three years after clocking up more than 100 customers for automating factories using 5G wireless networks, following their first tie-up a year earlier.
"We grew the business significantly last year with the number of customers and number of networks," Chris Johnson, head of Nokia's enterprise business, told Reuters.
The companies said some customers were now coming back to put private networks into more of their factories after the initial one.
In Dow Chemical's petrochemical processing plant in Texas, the private wireless network increased worker safety, enabled remote audio and video collaboration, personnel tracking, and vehicle telematics, the companies said.
The size of the global private 5G network market is expected to reach $41.02 billion by 2030 from 1.38 billion in 2021, according to a study by Grand View Research.