Recognizing the growing demand for mid-band spectrum, the International Telecom Union (ITU) appends new frequency bands for 5G usage. A significant addition was the 6GHZ spectrum, which is anticipated to facilitate the 5G evolution. Multiple global operators have conducted successful tests, making strides toward a seamless shift to 5G-Advanced. This advancement not only opens a myriad of industry opportunities but also promises an improved user experience potentially comparable to the fiber experience.
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.