Wednesday, 19 February 2020 05:41

Global 5G IoT revenue to reach US$8 billion by 2025 Featured

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Total operator-billed revenue from 5G IoT connections will reach US$8 billion globally by 2024, rising from just US$525 million in 2020, according to a new research report.

The Juniper Research study shows forecast growth of over 1,400% over the next 5 years, with the report identifying the automotive and smart cities sectors as key growth drivers for 5G adoption over the forecast period.

The research urges operators to develop comprehensive value-added services to enable IoT service users to manage their 5G connections, and forecasts that tools, such as network slicing and multi-access edge computing solutions, will be essential to attract the highest spending IoT service users to use their 5G networks.

And the research forecasts that valued-added services will become crucial in the automotive and smart cities sectors- with these sectors accounting for 70% of all 5G IoT connections by 2025 - with higher than anticipated levels of device support for 5G radios accelerating the uptake of 5G connectivity.

The research claimed that the initial high pricing of 5G connectivity in the IoT sector “would dissuade all but high value IoT users”, and urged operators to roll out holistic network management tools that complement the enhanced capabilities of 5G networks for IoT capabilities.

“Management tools for the newly-enabled services are key for users managing large scale deployments,” said Research author Andrew Knighton.

“We believe that only 5% of 5G connections will be attributable to the IoT, but as these are newly enabled connections, operators must view them as essential to securing a return on their 5G investment,” Knighton concluded.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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