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Capitalizing on a $900 Billion Telecom Opportunity

David H. Deans
Technology | Media | Telecom
3 min readApr 5, 2024

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The global telecommunications market is forecast to reach $900 billion in operator-billed revenue in 2024, according to the latest worldwide market study by Juniper Research. This represents a pivotal juncture for telecom operators as they navigate emerging technologies’ challenges and opportunities.

While telecom operators have invested heavily in deploying 5G networks, the study highlights their struggle to effectively monetize widespread 5G adoption among wireless network service subscribers.

A key issue has been the inability to command a significant price premium over 4G services, despite the superior performance and capabilities of 5G. This challenge underscores the need for operators to explore new revenue streams beyond traditional mobile services.

Telecom Services Market Development

As Juniper analysts indicate, a promising avenue for revenue growth lies in the enterprise Internet of Things (IoT) market. With the IoT connectivity revenue market forecasted to expand from $10 billion in 2023 to $23 billion by 2028, service providers are well-positioned to capitalize on this burgeoning opportunity.

Juniper Research emphasizes the critical role of 5G as the enabling platform for IoT growth in the enterprise sector. The high degree of software-defined processes inherent in 5G networks facilitates the swift deployment of Application Programming Interfaces (APIs) essential for real-time device management, remote configuration, and integration with third parties.

To maximize this potential, Juniper recommends that network operators invest in cloud technologies and provide APIs that adhere to industry standards like Cisco’s API Management and Automation for Remote Automation (CAMARA).

These APIs will enable third-party software to communicate with specific applications within telecom networks, unlocking new revenue streams and enhancing the operator’s value proposition.

Juniper provided a regional breakdown of the revenue forecast for 2024. North America and the Far East & China region are expected to capture the largest shares, reflecting their advanced adoption of emerging technologies and the presence of major telecom players.

However, opportunities exist across all regions, with Juniper urging operators to assess their readiness for emerging technologies such as eSIMs, iSIMs, and AI-native networks.

By proactively embracing these innovations, network operators can position themselves as indispensable partners for enterprises navigating the complexities of digital transformation.

Outlook for Telecom Service Applications Growth

While capitalizing on the $900 billion telecom opportunity includes some challenges, Juniper’s analysts offer strategic recommendations for operators. These include:

  • Fostering collaboration and open innovation ecosystems to accelerate the development and adoption of new services and business models.
  • Investing in upskilling and reskilling initiatives to cultivate a workforce equipped to navigate the complexities of emerging technologies.
  • Embracing cloud-native architectures and network virtualization to enhance agility, scalability, and cost efficiencies.
  • Prioritizing cybersecurity and data privacy measures to build trust and comply with regulatory requirements, particularly in the enterprise IoT domain.

“Despite the investment into new technologies, strategies to monetize networks via mobile subscribers have fallen short. Future business models must create value for enterprises and new revenue streams that monetize via enterprise activities,” said Benjamin Clark, associate analyst at Juniper Research.

That said, I believe as the telecom landscape continues to evolve, the ability of service providers to adapt and innovate will be paramount. By leveraging the insights from Juniper’s findings, industry leaders can chart a course toward sustained revenue growth and solidify their position as indispensable enablers of the Global Networked Economy.

Originally published at https://blog.geoactivegroup.com.

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