Juniper Research facility
5G IoT to hit 116m by 2026; growing 1,100pc in three years
HAMPSHIRE, January 24, 2023
5G IoT (Internet of Things) connections will reach 116 million globally by 2026; rising from just 17 million in 2023, with the healthcare sector and smart city services driving this 1,100% growth over the next three years.
A new study from Juniper 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 single biggest opportunity
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.
Digital transformation in healthcare
Investment from healthcare providers into 5G-based services will be driven by the need to modernise services, as the global Covid-19 pandemic exposed inefficiencies in healthcare provision. The report identified services including telemedicine, connected ambulances and emergency services, and real-time remote monitoring as key services that will be immediately improved by the integration of 5G services.
Research co-author Olivia Williams commented: “5G will enable more efficient and dynamic healthcare provision that was not feasible with 4G or Wi-Fi. However, healthcare providers must first implement 5G in areas which provide a strong return on investment; most notably connected emergency services.”-- TradeArabia News Service