Telecom operators are projected to generate an additional $17 billion in revenue from 3GPP-compliant 5G satellite networks between 2024 and 2030, according to a recent report by Juniper Research. The report suggests that the first commercial launch of a 5G satellite network will occur in 2024, with an estimated 110 million 3GPP-compliant 5G satellite connections in operation by 2030.
To take advantage of this growth, the researchers recommend that operators prioritize partnerships with satellite network operators (SNOs) that can launch Geostationary Orbit (GSO) satellites. SNOs possess the capabilities to deploy next-generation satellite hardware and manage the resulting networks. GSO satellites maintain a fixed position above a specific country, ensuring consistent connectivity.
Furthermore, the report predicts that operators will increasingly rely on SNOs for service provision as the development of 6G accelerates. It emphasizes the importance for operators to choose an SNO partner that aligns with their long-term plans for 6G networks, including coverage and throughput capabilities.
The report also highlights the significance of leveraging pre-existing billing relationships with mobile subscribers and enterprises as a platform for growing 5G satellite connectivity revenue over the next seven years. By integrating satellite services into existing terrestrial networks, operators can rapidly drive the adoption of satellite connectivity facilitated by their existing billing structure.
Overall, the report provides valuable insights into the potential revenue opportunities for telecom operators through 5G satellite networks. It emphasizes the need for strategic partnerships with SNOs and the adoption of satellite services within existing terrestrial networks to maximize profitability in this emerging market.