5G to increase cloud video revenue to $67.5 billion by 2024: ABI Research

NEW DELHI: 5G edge networks willl drive cloud video revenues from $5 billion in 2019 to $67.5 billion by 2024, at a CAGR of 67%, according to insights from ABI Research.

At the same time, 5G and edge networks will drive 119 million cloud gaming users by 2025.

“5G edge networks bring new capabilities allowing communications service providers (CSPs) to develop innovative applications, services, and revenue streams in the media and entertainment domain,” the market research firm said in a statement.