Security News > 2021 > December > 5G services revenue to reach $600 billion by 2026

Revenue generated from 5G services will reach $600 billion by 2026; representing 77% of global operator-billed revenue, a Juniper Research study found.

It found 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 research urges operators to leverage their 5G networks and high levels of virtualisation to develop new IP‑based services that generate additional revenue streams.

It recommends bundling multiple device subscriptions under a single recurring payment to enable operators to benefit from connectivity revenue from other consumer devices.

Juniper Research study co-author Charles Bowman remarked: "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 IoT devices, including smart city devices, smart home sensors and connected agriculture, will grow substantially over the next five years.

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https://www.helpnetsecurity.com/2021/12/07/5g-services-revenue-2026/