5G service revenue to reach $73 billion by end of 2021 and $600 billion by 2026
The 5G monetisation: business models, strategic recommendations & market forecasts 2021-2026 report includes predictions for the future of 5G, its development and strategic recommendations to network vendors and operators on best practices.
The findings were based on a review of key market drivers, strategies, technological challenges and strategic recommendations for stakeholders across key market services. These included fixed wireless access, automotive connectivity, mobile commerce services, the internet of things (IoT), mobile entertainment, mobile faming, smart city services, remote healthcare services, and home solutions.
Juniper predicts that global 5G revenues will grow by $20 billion in 2021, reaching $73 billion by year’s end and representing 8.5% of telecoms operator revenue. The analyst firm estimates that, by The report advises operators to focus on virtualising core network functions to reduce the network strain caused by the increase in data traffic from 5G adoption.
It also predicts that operators will be faced with the challenge of meeting the mobile data demands that will rise from 5G networks, and forecast that cellular data generated by 5G connections will increase to 1.5 million petabytes globally by 2026, representing 214 million hours of 4K video streaming.
The report expects that over 80% of 5G data generated will be attributable to mobile broadband connections. It recommends that operators should increase network virtualisation and network orchestration, and suggests accelerated roll outs of fibre back-haul infrastructure that can handle high data generation to reduce the threat of traffic congestions over 5G mobile broadband services.
“Given the varying requirements of these 5G use cases, network orchestrations tools that enable the real-time management of network performance are key to providing a service that meets the demand of 5G subscribers and enable operators to fully maximise 5G service revenue,” said report author Dave Bowie.
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