Last Update: January 25, 2023, 11:46 AM IST
Healthcare and smart cities will account for more than 60 percent of 5G IoT devices by 2026.
Global 5G IoT (Internet of Things) connections will reach 116 million by 2026, growing from just 17 million in 2023.
Global 5G IoT (Internet of Things) connections will reach 116 million by 2026, growing from just 17 million in 2023, a new report said on Tuesday.
According to Juniper Research, the healthcare sector and smart city services will drive this 1,100 percent growth over the next three years.
“5G will provide more efficient and dynamic healthcare delivery that was not possible with 4G or Wi-Fi. However, healthcare providers should first implement 5G in areas that provide a strong return on investment, particularly connected emergency services,” said research co-author Olivia Williams.
The report estimates that healthcare and smart cities will account for more than 60 percent of the 5G IoT devices market by 2026.
Furthermore, the report predicts that smart city services will see significant growth due to the lower cost of deploying 5G networks and the ability to carry large amounts of data.
There will be more than 60 million 5G smart city connections globally by 2026, and the report urges city-planning authorities to take advantage of 5G connectivity as a high-bandwidth gateway.
The report also revealed that transport network monitoring, including road and rail networks, will be critical services, which will require 5G-enabled high-bandwidth cellular connectivity.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)