5G service revenue to grow by 250% reaching USD 73 billion in 2021

Global revenues from 5G services will reach USD 73 billion by the end of 2021 recording a 250% increase on an annual basis according to a new study from Juniper Research.

Operators should focus efforts on virtualising core network functions to reduce the network strain arising from the increase in data traffic from 5G adoption, the study reads. Operators will face challenges in meeting the mobile data demands arising from 5G networks as the volume of cellular data generated by 5G connections is expected to rise to 1.5 million Petabytes globally by 2026.