In a recent study by Juniper Research, the forecast for 5G service revenues in 2024 shows a substantial increase of 32%, reaching an impressive $400 billion. As consumer 5G adoption approaches saturation, the study emphasizes the crucial role of 5G Advanced and 5G RedCap (Reduced Capacity) in sustaining this growth, particularly by targeting enterprise IoT users.
In a quantum leap for telecommunications, the emergence of 5G-Advanced next year is set to revolutionize user experiences and catalyze operator revenue growth. Unveiling at the 2023 MWC Shanghai, Huawei is geared to lead this evolution with its innovative capabilities and AI-empowered design. Pioneering 5.5G network solutions, the telecom giant intends to enhance services for a sprawling customer base spread over 260 5G networks worldwide. Close on its heels, is the seamless integration of cloud with the core network, creating intelligent entities of simple Internet-based objects, promising profound implications in IoT.
AT&T will phase out its NB-IoT network, transitioning customers to LTE-M for greater data capacity and improved IoT services. The shift, set to complete by Q1 2025, reflects AT&T’s focus on advancing technology, including exploring 5G RedCap.
Qualcomm Technologies and STMicroelectronics are set to revolutionize industrial IoT applications with an integrated Wi-Fi/Bluetooth/Thread SoC and STM32 microcontroller combo. These joint offerings aim to streamline development, enhancing seamless connectivity and edge AI on STM32 MCUs.
The cellular Internet of Things (IoT) market is set to undergo a significant transformation, thanks to the advancements in eSIM technology, as highlighted in recent research conducted by Omdia. The adoption of eSIM is expected to skyrocket, driven by the GSMA SGP.31/32 specifications, offering unprecedented efficiency, flexibility, and choice to enterprises across the globe.
Singtel is revolutionizing global IoT solutions with floLIVE’s distributed core network. This strategic collaboration enables seamless eSIM-based services for over 190 markets. Targeting the automotive sector, Singtel’s approach is a game-changer, offering innovative multi-domestic connectivity that adheres to strict regulatory standards.
Broadvoice collaborates with tech advisory firm, Bridgepointe Technologies Inc., enabling the latter to offer Broadvoice’s cloud communication services to mid-market clients. OpenAI’s latest release, GPT-3.5 Turbo, can now be fine-tuned by businesses, customizing it for specific tasks. Verizon, Ericsson, and MediaTek’s successful data sessions on Verizon’s 5G network pave the way for cost-effective 5G devices. Versa Networks achieves top scores in Gartner’s SASE report, streamlining security and networking solutions.
