According to the team at Juniper Research, the deployment and adoption of emerging technologies for the enterprise user sector, especially 5G-Advanced and 5G Reduced Capability (RedCap), will be essential for telcos to grow their 5G service revenues in the coming years. .
The company’s analysts expect the global 5G services sector to be worth $400 billion in 2024, up 32% year-on-year, as the number of 5G mass-market subscribers continues to grow around the world. There is. This is especially true in markets where widely available 5G services are being launched. Still relatively new (e.g. India).
However, as the research team points out in a new report, Global future 5G strategic market 2024-2028, that growth will be difficult to sustain. As 5G penetration rates reach saturation among consumers in key markets where 5G services have been available for years already, carriers are looking to build 5G networks that deliver value to the “high-spend” Internet of Things. Enterprise (IoT) users will “become essential” to launch services via a network, according to the Juniper research team.
The ability of carriers to develop and launch such revenue-generating services for enterprises will primarily depend on the introduction of 5G-Advanced and 5G RedCap capabilities. Both of these technologies are considered “key” to enable delivery (and monetization) for carriers. ) Increases service coverage for enterprise users, improves network efficiency, and extends device battery life.
In its report, Juniper Research highlighted 5G-Advanced, a feature included in the Release 18 specification that is scheduled to be “frozen” by 3GPP sometime in 2024, as the next evolutionary step for 5G. Support for augmented reality (XR)-based services such as cloud gaming, virtual reality (VR), and augmented reality (AR) is expected to be enhanced. Additionally, AI and machine learning (ML) will be key components of 5G-Advanced systems and can be used to improve network performance.
On the other hand, 5G Red Cap is It is specifically designed to support IoT applications and provide significant operational improvements compared to LTE-M. is becoming increasingly popular among carriers thanks to its low-latency connectivity, extended battery life for IoT devices, and features that enable downstream connectivity to IoT devices at data rates of up to 150 Mbit/s .
Many major carriers have been actively considering 5G RedCap over the past year. BT, verizon, AT&T, optus, SK Telecom, China Mobile, China Telecom, China Unicom.
According to Juniper Research, 5G-Advanced and RedCap capabilities will be “helpful” for the growth of IoT services. The research team behind the report predicts there will be more than 360 million 5G-enabled IoT devices using public networks by 2028. This is significantly higher than the 35 million devices expected in 2024.
Additionally, fixed wireless access (FWA) broadband services are expected to benefit significantly from the deployment of 5G-Advanced and RedCap capabilities, especially in relation to managing large amounts of data traffic. “FWA has always been positioned as a key service for 5G network monetization, but with the advent of 5G-Advanced and 5G RedCap, carriers will be able to offer network conditions similar to fixed network service providers. “Carriers must leverage their existing billing relationships with consumers to drive FWA solutions,” said Sam Barker, co-author of the report.
– Yanitsa Boyadzhieva, Deputy Editor-in-Chief of TelecomTV
