A recent report by Juniper Research suggests that telecom operators can expect an additional revenue of $17 billion from 3GPP-compliant 5G satellite networks between 2024 and 2030. The report highlights that the first commercial launch of a 5G satellite network will occur in 2024, and by 2030, there will be over 110 million 3GPP-compliant 5G satellite connections in operation.
To take advantage of this projected growth, the researchers advised operators to establish partnerships with satellite network operators (SNOs) that have the capability to launch Geostationary Orbit (GSO) satellites. GSO satellites remain fixed above a specific location on Earth, ensuring consistent connectivity for the country served by the operator.
In addition, the report forecasts that operators will increasingly rely on SNOs for service provision as the development of 6G networks accelerates. Research author Sam Barker emphasized the importance of considering 6G networks when choosing an SNO partner, taking into account coverage and throughput capabilities.
The report also suggests that operators can leverage their existing billing relationships with mobile subscribers and enterprises as a platform to drive the adoption of 5G satellite connectivity. By integrating satellite services into their terrestrial networks, operators can rapidly expand their revenue from satellite connectivity over the next seven years.
In conclusion, the report indicates that telecom operators stand to benefit significantly from 5G satellite networks, with an estimated $17 billion in additional revenue expected between 2024 and 2030. Establishing partnerships with SNOs and leveraging existing billing relationships will play a crucial role in driving the adoption of satellite connectivity.