Analyst Report News

5G IoT to reach 116m by 2026: Juniper Research

According to the report, there will be over 60m 5G-based smart city connections globally by 2026.

The number of 5G IoT (Internet of Things) connections will reach 116m globally by 2026 from 17m in 2023, according to a study from Juniper Research.

It has predicted that the healthcare sector and smart city services will drive this 1,100% growth over the next three years.

The study 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.

Moreover, the report predicted that 5G networks will see significant growth in smart city services due to their low cost of deployment and ability to carry large amounts of data.

There will be over 60m 5G smart city connections globally by 2026, 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 a key service that requires 5G-enabled high-bandwidth cellular connectivity.

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 said: “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.”