Hampshire, UK, Jan. 24, 2023: A new study from Juniper Research has found that 5G Internet of Things (IoT) connections will reach 116 million globally by 2026; rising from just 17 million in 2023.
The report predicts that the healthcare sector and smart city services will drive this 1,100% growth over the next three years.
The research examined 5G adoption across key sectors, such as the automotive industry, mobile broadband and smart homes, and forecasts that the healthcare and smart cities market will account for over 60% of 5G IoT devices by 2026. The ultra-low latency and high bandwidth of 5G IoT technology will be the key factors in driving this proliferation of new connections.
Smart Cities Offer the Single Biggest Opportunity for 5G IoT
The report anticipates that 5G networks will experience significant growth in smart city services; owing to its cost-effectiveness in deployment and ability to carry significant amounts of data. By 2026, there will be over 60 million 5G smart city connections globally, and the report urges city-planning authorities to leverage 5G connectivity as high-bandwidth gateways. It found that the monitoring of transportation networks, including road and rail networks, will be key services that require 5G-enabled high-bandwidth cellular connectivity.
To find out more, see the new report: 5G Monetisation: Business Models, Strategic Recommendations & Market Forecasts 2022-2027.