Revenue from 5G will hit $600bn by 2026 -Report

No less than a whopping $600 billion would be generated as revenue from fifth-generation services by 2026, a figure which represents 77 per cent of global operator-billed revenue, a study by Juniper Research has revealed.

The research firm, in its recent report, noted that the adoption of 5G services across the consumer and the Internet of Things (IoT) sectors has been driven by a strong uptake of 5G-capable devices, coupled with attractive 5G subscription pricing models, despite the chip crisis caused by the pandemic.

“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,” said Research co-author Charles Bowman.

The cellular data will reach 2,900 exabytes by 2026, rising from 720 exabytes in 2021, which represents a growth of 300 per cent during the period, the firm said.

By 2026, the firm predicts the number of cellular IoT devices will reach 6 billion; exceeding the global number of smartphones for the first time.