5G IoT connections are set to hit a major milestone this year
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A new study has identified 2023 as a huge turning point for 5G IoT (Internet of Things) connections worldwide, and the next three years will see them come into their own.
Juniper Research estimates there are already 17 million 5G IoT connections worldwide this year, but the figure will increase by 1100% over the next three years to reach 116 million active connections by 2026.
The research expects the healthcare sector and smart city services to account for the largest share of these connections.
Internet of Things via 5G
In addition to these two main categories, other areas of IoT include the automotive industry and mobile broadband and smart homes. However, Juniper estimates that healthcare and smart cities will account for nearly two-thirds of IoT devices by 2026.
It cites the ultra-low latency and high bandwidth typical of 5G connections as some of the key drivers behind the substantial growth that has been predicted.
Of the predicted 116 million connections, the study indicates that 60 million will come from smart city connections. Transport networks, both road and rail, will benefit from the improvements that 5G can offer over 4G technology.
Juniper also noted the inefficiencies in our healthcare systems exposed during the pandemic, demonstrating the need for modernization. Real-time remote monitoring of connected ambulances and other emergency services is one such upgrade that has been proposed.
The rollout of 5G IoT connections has been less impressive so far. Going further, study co-author, Olivia Williams, indicated the need to invest in high-yield areas before expanding more broadly:
“5G will enable more efficient and dynamic healthcare delivery that was not possible with 4G or Wi-Fi. However, healthcare providers should first deploy 5G in areas that offer a high return on investment; particularly connected emergency services.”