5G satellite networks to generate additional revenue for operators
The latest research from Juniper Research has found operators will generate $17 billion of additional revenue from 3GPP-compliant 5G satellite networks between 2024 and 2030.
It urges operators to sign partnerships with SNOs (Satellite Network Operators) which will enable operators to launch monetisable 5G satellite services to their subscribers. SNOs possess capabilities to launch next-generation satellite hardware into space, as well as being responsible for the operation and management of the resulting networks.
Operators hold the key billing relationship
The research predicts the first commercial launch of a 5G satellite network will occur in 2024, with over 110 million 3GPP-compliant 5G satellite connections in operation by 2030. To capitalise on this growth, the research urges operators to prioritise immediate partnerships with SNOs that can launch GSO (Geostationary Orbit) satellites. These satellites follow the rotation of the earth to always be located above the country that the operator serves; providing consistent connectivity.
Additionally, operators must leverage their pre-existing billing relationship with mobile subscribers and enterprises as a platform to grow 5G satellite connectivity revenue over the next seven years. The report anticipates this existing billing relationship will enable operators to rapidly drive the adoption of satellite connectivity by integrating satellite services into existing terrestrial networks.
Preparation for 6G
However, the research predicts operators will increasingly rely on SNOs for service provision as 6G development accelerates. Research author Sam Barker commented: “Operators must not only think of satellite-based 5G services when choosing an SNO partner, but also the forward plan for 6G networks, including coverage and throughput capabilities.”
The new report, Global 5G Satellite Networks Market 2023-2030, offers the most comprehensive assessment of the 3GPP-compliant 5G satellite network to date; providing analysis and forecasts of over 24,000 datapoints across 60 markets over five years.
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