5G to generate 77% of global operator revenue by 2026

Hampshire, UK. 30th November 2021 – A new study from Juniper Research has found that revenue generated from 5G services will reach $600 billion (€530.34 billion) by 2026; representing 77% of global operator-billed revenue. It found that the adoption of 5G services across consumer and IoT sectors has been driven by a strong uptake of 5G-capable devices, coupled with attractive 5G subscription pricing models, despite the semiconductor crisis caused by the COVID-19 pandemic.

The new research, Operator Revenue Strategies: Challenges, Opportunities & Market Forecasts 2021‑2026, urges operators to leverage their 5G networks and high levels of virtualisation to develop new IP‑based services that generate additional revenue streams. It identified emerging 5G-based consumer devices, such as laptops and mobile routers, as a key area of focus for operators over the next few years.

Multi-device subscriptions key to maximising 5G revenue

The research anticipated that, as geographical 5G coverage expands, operators will capitalise on revenue streams beyond smartphones. It recommends bundling multiple device subscriptions under a single recurring payment to enable operators to benefit from connectivity revenue from other consumer devices.

Research co-author Charles Bowman remarkes, “Device vendors are capitalising on faster networks to add mobile connectivity to new consumer devices, and operators must respond by enabling users to access 5G across multiple devices under a single subscription; allowing subscribers to conveniently manage data.”

Cellular data to grow 300% over next five years

The report forecasts that the amount of cellular data generated will reach 2,900 exabytes by 2026; rising from 720 exabytes in 2021. This represents a growth of 300% over the next five years. It predicts that this growth will be driven by an increasing demand for data over 5G connections and a substantial growth in cellular IoT devices.

Cellular IoT devices, including smart city devices, smart home sensors and connected agriculture, will grow substantially over the next five years. By 2026, the research predicts that the number of cellular IoT devices will reach 6 billion; exceeding the global number of smartphones for the first time.

For more insights, download our free whitepaper: The Fastest-growing Telco Opportunities in 2022

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

Partnership with Nokia helps Clavister expand in Australia

Posted on: January 19, 2022

Ornskoldsvik, Sweden. 19 January, 2022 – Clavister, a provider of European carrier-grade cybersecurity solutions for mission-critical applications, announced an order intake from a Railway Infrastructure company in Australia

Read more

Wi-Fi 6E trial in Turkey hailed a success by Turk Telekom

Posted on: January 19, 2022

London, UK. 19 January, 2022 – Wireless Broadband Alliance (WBA) member, Turk Telekom, announced the successful completion of Wi-Fi 6E trials designed to demonstrate how the technology can be used to enhance speed and capacity in a variety of different end-user scenarios. Wi-Fi is vital to the success of Turk Telekom, who has the Wi-Fi footprint in

Read more