According to a study conducted by Juniper Research and published by Computer Weekly, 5G related services are thriving. The report suggested that the industry will continue to prosper as the demand for connectivity grows.
“Over 95 percent of global 5G connections in 2027 will be connected personal devices such as smartphones, tablets and mobile broadband routers,” stated research co-author Olivia Williams, bolstering the case for the rosy future of 5G. Juniper’s study indicates that consumer demand will likely be the biggest driving factor, outpacing even rapidly increasing IoT usage.
The report, entitled “5G Monetisation: Business Models, Strategic Recommendations & Market Forecasts 2022-2027” predicts a 60 percent growth in 5G services. By the end of 2023, the industry stands to pull in $315 billion in profits, the report finds.
A similar study published by Ericsson, “5G: The Next Wave,” supports Juniper’s report. Computer Weekly and Ericsson agree 5G development appears recession-proof. As the public adjusts its expectations and increasingly considers a 5G connection to be its baseline, there is a rich opportunity for providers to rise to meet the demand for more 5G connections and products.
Reader Interactions