5G service revenue to reach $315 bn globally in 2023

New Delhi, Oct 24: The global 5G service revenue is expected to reach $315 billion in 2023, rising from $195 billion this year, a new report showed on Monday.

This represents growth of over 60 per cent in a single year for operator-billed 5G service revenue, according to Juniper Research.

“Despite the growth of the Internet of Things, revenue from consumer connections will continue to be the cornerstone of 5G operator revenue increase,” said research co-author Olivia Williams.

Over 95 per cent of global 5G connections in 2027 will be connected personal devices such as smartphones, tablets and mobile broadband routers,” Williams added.