In a recent study conducted by Juniper Research, it has been projected that operators are poised to generate an extra $17 billion in revenue through 3GPP (Third-generation Partnership Project)-compliant 5G satellite networks between 2024 and 2030.
The report strongly encourages operators to forge partnerships with SNOs (Satellite Network Operators), which will enable them to introduce monetizable 5G services based on satellite technology to their subscribers. These SNOs possess the capabilities to launch advanced satellite hardware into space and manage the resulting networks.
According to the research outlined in the report titled “Global 5G Satellite Networks Market 2023-2030”, the first commercial launch of a 5G satellite network is anticipated in 2024, with a staggering 110 million 3GPP-compliant 5G satellite connections projected to be operational by 2030. To make the most of this anticipated growth, operators are urged to swiftly establish partnerships with SNOs that can deploy GSO (Geostationary Orbit) satellites. These satellites maintain a fixed position above the earth’s surface, ensuring uninterrupted and consistent connectivity for the countries the operator serves.
Moreover, operators are advised to leverage their existing billing relationship with both mobile subscribers and enterprises as a strategic platform to boost revenue from 5G satellite connectivity in the coming seven years. The report foresees that this established billing relationship will facilitate operators in driving rapid adoption of satellite connectivity by integrating satellite services seamlessly into existing terrestrial networks.
Looking ahead to the development of 6G networks, the research predicts a growing reliance of operators on SNOs for service provision. Sam Barker, the author of the research, emphasized that operators should consider not only 5G satellite services but also plan ahead for 6G networks, including coverage and throughput capabilities when selecting an SNO partner. This strategic foresight is deemed crucial for sustaining growth and innovation in the rapidly evolving telecommunications landscape.