Market research specialist firm Juniper estimated 5G revenues will exceed $600bn within five years to provide 77% of GMO revenue.
It is also predicted that by 2026, the number of cellular IoT devices will reach six billion – overtaking smartphones for the first time.
Report author Dave Bowie said: “Given the varying requirements of these 5G use cases, network orchestration 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.
“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.”
The report’s authors also recommend that operators focus efforts on virtualising core network functions to reduce the network strain arising from the increase in data traffic from 5G adoption.
It is expected that operators will face challenges in meeting the mobile data demands arising from 5G networks and the report forecasts that cellular data generated by 5G connections will rise to 1.5 million Petabytes globally by 2026 to achieve 214 million hours of 4K video streaming.
Ahead of the expected uptake in demand, many telecoms groups are looking to increase 5G infrastructureincluding a two-year project government project that will see Virgin Media 02, Vodafone, Three UK and EE gain easier access to lamp-posts, bus shelters and other street furniture to host cheaper 5G network equipment with less visual impact compared with traditional phone masts.
