Tue. Sep 26th, 2023
Telecom Operators Expected to Generate $17 Billion Revenue from 5G Satellite Networks by 2030

Telecom operators are projected to generate $17 billion of additional revenue from 3GPP-compliant 5G satellite networks between 2024-2030, according to a forecast by Juniper Research. The research firm advises telcos to partner with satellite network operators in order to launch satellite-based 5G services. Satellite network operators have the capabilities to launch next-generation satellite hardware into space and manage the resulting networks.

Juniper Research predicts that the first commercial launch of a 5G satellite network will take place in 2024, with over 110 million 3GPP-compliant 5G satellite connections in operation by 2030. To take advantage of this growth, telcos are encouraged to prioritize partnerships with satellite network operators that can launch Geostationary Orbit (GSO) satellites.

The research firm also suggests that telcos should leverage their existing billing relationships with mobile subscribers and enterprises to increase 5G satellite connectivity revenue. However, as 6G development accelerates, operators are expected to rely more on satellite network operators for service provision. It is important for operators to consider not just 5G satellite services, but also the future plans for 6G networks, including coverage and throughput capabilities.

Overall, the forecast highlights the potential for telecom operators to tap into the revenue opportunities presented by 5G satellite networks. By partnering with satellite network operators and utilizing their existing customer base, telcos can drive growth in the sector. As technology continues to advance, it will be crucial for operators to plan for future network developments to stay competitive in the telecommunications industry.