2020.09.01 – 5G Paves the Way to Operator Prosperity

5G Paves the Way to Operator Prosperity

The SCTE Broadband Journal – August 2020

‘As the rate of 5G adoption continues to climb, so too does the total operator-billed revenue from 5G IoT connections. Rising from US$ 525 million in 2020, the market is expected to see revenues grow 15-fold to more than US$ 8 billion by 2024, according to Juniper Research. Driven by unparalleled download speeds, increased bandwidth and lower latency, not only does the fifth-generation technology offer powerful new features that can enhance existing service value and revenues, but it also opens up opportunities for a host of different industries to realize the immense benefits that it offers.

Operators are keen to harness and deploy this emerging technology to exploit these new opportunities to both enhance existing revenue streams and to secure new ones by offering a host of new services and applications.

While 5G continues to transform the communications landscape and pave the way to new revenues and services, it brings with it a host of challenges which operators and service providers must consider to not fall victim to bumps in the road. The good news is that operators and vendors globally are coming together to smooth out these challenges through standards bodies such as Broadband Forum and 3GPP, expediting this transformation and facilitating its success.’

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