Global mobile data revenues to reach $630 billion by 2020
New Industry Report Shows IoT Use Cases Complicate 5G Network Design, Draw in New Network Providers
"The IoT market represents significant revenue potential for mobile operators, who are looking to the IoT to complement traditional smartphone-driven mobile data revenues," said Harry Wang, Senior Director of Research, Parks Associates. "5G data service ARPU has limited room for expansion from current levels, so mobile operators are seeking new revenue streams in the broader IoT market. However, meeting both consumer demand and industrial needs requires comprehensive changes to their network architecture, from radio access to the core network functions."
5G & Wi-Fi: Provider Strategies for the Next-Generation Network addresses opportunities and challenges that mobile operators will face in their bid to build the next-generation 5G network. The report notes a potentially long and painful journey for some operators as they move to 5G networks and includes recommendations to global mobile operators.
"Each IoT vertical offers multiple use cases and has unique requirements on network performance and return on investment (ROI), which opens up market opportunities for alternative network providers such as SIGFOX and Ingenu," Wang said. "It will be a key step for mobile operators to transform their networks from hardware-centric to software-centric and cloud-native in order to have the necessary flexibility to meet customer needs in the IoT market. They will need to plan and coordinate 5G standards development with their own network transformation efforts, while pursuing customers in the competitive IoT market. It will not be an easy transition."
Parks Associates estimates that by the end of 2020, there will be 17.2 million 5G consumer market subscriptions worldwide, concentrated in the U.S., Japan, South Korea, China, Australia, and major industrial nations in Western Europe.
5G & Wi-Fi: Provider Strategies for the Next-Generation Network is available at www.parksassociates.com. To schedule an interview with an analyst or request specific mobility and apps research data, please contact Holly Sprague at email@example.com.
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.
The company's expertise includes the Internet of Things (IoT), digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.
Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Smart Energy Summit: Engaging the Consumer, and Connected Health Summit: Engaging Consumers.