Operators will generate US$17 billion of additional revenue from Third-generation Partnership Project (3GPP)‑compliant 5G satellite networks between 2024 and 2030, according to a new study from Juniper Research. (US$1=RM4.69)
According to a statement, it urges operators to sign partnerships with Satellite Network Operators (SNOs) which will enable operators to launch monetisable satellite-based 5G 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.
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 Geostationary Orbit (GSO) satellites.
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.
However, the research predicts operators will increasingly rely on SNOs for service provision as 6G development accelerates.
