KUALA LUMPUR, Oct 25 (Bernama) -- The operator‑billed 5G service revenue will reach US$315 billion in 2023; rising from US$195 billion (US$1 = RM4.739) in 2022, according to a new Juniper Research study.
According to a statement, this represents a growth of over 60 per cent in a single year.
The research predicts this increase in revenue will be driven by the accelerating migration of cellular subscriptions to 5G networks; owing to operator strategies that minimise or remove any premium over existing 4G subscription offerings.
It forecast that over 600 million new 5G subscriptions would be created next year despite the anticipated economic downturn in 2023.
In addition, the report predicts growth of 5G networks will continue and over 80 per cent of global operator‑billed revenue will be attributable to 5G connections by 2027.
As the telecommunications industry demonstrated its robustness against the impact of the COVID-19 pandemic, the report projects the growth of 5G will also be resilient against this economic downturn, owing to the vital importance of mobile Internet connectivity today.
“Despite the growth of the Internet of Things, revenue from consumer connections will continue to be the cornerstone of 5G operator revenue increase.
“Over 95 per cent of global 5G connections in 2027 will be connected to personal devices such as smartphones, tablets and mobile broadband routers,” said research co-author Olivia Williams.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
-- BERNAMA
No comments:
Post a Comment