A recent report by Juniper Research suggests that telecommunications operators could see an additional $17 billion in revenue between 2024 and 2030 by offering 5G satellite networks that comply with the 3GPP (Third-generation Partnership Project) standards.
According to the report, Satellite Network Operators (SNO) will need to form partnerships with telecommunications operators in order to launch profitable 5G services based on satellite technology. Juniper defines SNOs as the only companies capable of launching and maintaining next-generation satellites.
The analysts predict that the first commercial launch of a 5G satellite network will occur next year, and by 2030, there will be over 110 million 3GPP-compliant 5G satellite connections.
5G technology is seen as a significant advancement in mobile data transfer. While there are currently 5G networks in operation worldwide, many of them are based on 4G infrastructure and do not fully utilize the potential of next-generation connectivity. True 5G, also known as Standalone 5G, has yet to be established globally, leaving various industries and consumers eagerly anticipating its arrival.
Beyond the expected benefits of faster speeds, lower latency, and increased capacity, 5G has the potential to improve connectivity in densely populated areas and provide better coverage in rural and sparsely populated regions. Additionally, 5G networks are designed to be more energy-efficient, reducing the carbon footprint of wireless communications infrastructure. The technology is expected to play a crucial role in the development of the Internet of Things (IoT) by enabling connectivity for industrial sensors, smart city endpoints, and connected cars.
Furthermore, 5G is seen as a catalyst for innovation, allowing organizations to explore new possibilities in augmented reality, virtual reality, and robotics. Its global standard ensures that endpoints and infrastructure can be standardized, promoting interoperability and ease of implementation.
By embracing 5G satellite networks, telecommunications operators can tap into a significant revenue opportunity while delivering enhanced connectivity and powering the next wave of technological advancements.