Breaking Down Operator 5G Service Revenue in 2024: What, Where & How?
Our latest research predicts that operators will generate $400 billion in service revenue from 5G networks in 2024, with the vast majority of this being derived from the provision of consumer 5G services.
However, as 5G penetration increases among consumers, it is vital that operators prioritise services that provide value to enterprise IoT users. The launch of API-based initiatives such as CAMARA and the GSMA Open Gateway will help this ambition considerably, enabling operators to launch cloud-based services that monetise enterprise traffic.
The advent of 5G Advanced and 5G RedCap will also have a positive impact on the ability of operators to attract high-spending IoT users.
5G Advanced is the next evolutionary stage of 5G. It is set to unlock new opportunities for service providers and will strengthen 5G support for XR (Extended Reality) including cloud gaming, virtual reality, and augmented reality. In addition to this, AI and machine learning will be a key component of 5G advanced systems, to improve network performance.
Likewise, RedCap is an emerging 5G standard that will leverage 5G network standards to provide high data rates, extended battery life, and low latency to specific use cases across the IoT space. Outlined in the 3GPP's R17 specification, this service will provide operators with a platform to compete with other connectivity technologies outside of the telecommunications ecosystem.
Both these services will enable operators to deliver extended coverage, increased network efficiency and device battery life to enterprise users – and indeed, these services are why we expect operator revenue from enterprise 5G services to climb 547% from 2024 to 2028, compared to just 55% for consumer 5G revenue over the same period.
Source: Global 5G Future Strategies 2024-2028
Latest Press Release: 5G Advanced & RedCap Key for Operators to Capitalise on Global $400 Billion 5G Market in 2024
Download the Whitepaper: 5G Advanced, RedCap & Standalone Networks: Why They Matter in 2024
Latest research, whitepapers & press releases
-
ReportJune 2026Telecoms & Connectivity
Alex WebbDirect to Cell Market: 2026-2031Our newest Direct-to-Cell research provides market stakeholders, such as mobile network operators and satellite network operators, with key analysis of the future of this rapidly emerging market.
VIEW -
ReportMay 2026Telecoms & Connectivity
Alex Webb6G Market: 2026-2035Juniper Research’s 6G Market research suite provides detailed analysis and strategic recommendations for mobile network operators developing their 6G roadmaps in the build up to its standardisation and launch.
VIEW -
ReportMay 2026Fintech & Payments
Shane O'SullivanDigital Identity Verification Market: 2026-2030Our Digital Identity Verification research suite provides detailed analysis of this rapidly changing market; allowing digital identity verification solution providers, financial institutions, and other stakeholders to gain an understanding of key trends and growth opportunities.
VIEW -
ReportApril 2026Fintech & Payments
Jawad JahanStablecoins Market: 2026-2035Our Stablecoins market research suite provides detailed and insightful analysis of this evolving market; enabling stakeholders such as central banks, commercial banks, stablecoin issuers, and payment service providers to understand future growth, key trends, and the competitive environment.
VIEW -
ReportApril 2026IoT & Emerging Technology
Molly GatfordPhysical AI in Manufacturing & Logistics Market: 2026-2030Our Physical AI in Manufacturing and Logistics research suite provides in-depth analysis of the key economic, operational, and technological factors driving growth in this fast-growing market.
VIEW -
ReportApril 2026Fintech & Payments
Nick MaynardAgentic Commerce Market: 2026-2031Juniper Research’s Agentic Commerce research suite provides an insightful analysis of this rapidly emerging market; enabling stakeholders, including AI developers, payment infrastructure providers, eCommerce marketplaces, merchants and many others, to understand future growth, key trends, and the competitive environment.
VIEW
-
WhitepaperJune 2026Telecoms & Connectivity
Alex WebbNo Tower? No Problem: How Direct to Cell is Rewriting the Rules of Connectivity
Our complimentary whitepaper explores consumer demand for direct to cell services and provides strategic recommendations for how MNOs can optimise these services.
VIEW -
WhitepaperMay 2026Telecoms & Connectivity
Alex WebbLearning from 5G - How MNOs Can Make 6G a Success
Our complimentary whitepaper, Learning from 5G - How MNOs Can Make 6G a Success, explores the lessons that mobile network operators can learn from the development and commercialisation of 5G and apply to 6G.
VIEW -
WhitepaperMay 2026Fintech & Payments
Shane O'SullivanDigital Identity Verification in an Era of AI, Fraud & Regulatory Change
This complimentary whitepaper examines the state of the digital identity verification market: considering the impact of regulatory developments, emerging risk tactics, and how identity verification is evolving beyond traditional customer and merchant onboarding.
VIEW -
WhitepaperApril 2026Fintech & Payments
Jawad JahanPayment Rails Without Borders: The Rise of Stablecoins
Our complimentary whitepaper, Payment Rails Without Borders: The Rise of Stablecoins, analyses the history of stablecoin from its inception to the current day. It also provides insight into key trends shaping the stablecoin market, and an evaluation of stablecoins versus traditional payment rails.
VIEW -
WhitepaperApril 2026IoT & Emerging Technology
Molly GatfordKey Growth Opportunities for Physical AI in 2026
Our complimentary whitepaper, Key Growth Opportunities for Physical AI in 2026, provides insight into the rapidly evolving physical AI in manufacturing and logistics market; highlighting the countries in which high demand for automation in these industries is anticipated over the next five years.
VIEW -
WhitepaperApril 2026Fintech & Payments
Nick MaynardAgentic Commerce - Revolution or False Dawn?
Our complimentary whitepaper assesses the trends that are increasing agentic commerce adoption, and challenges to agentic commerce usage. Additionally, it includes a forecast summary of the global spend on agentic commerce by 2030.
VIEW
-
Telecoms & Connectivity
Direct to Cell: Monthly Active Users to Reach Over 130 Million by 2031, But Usage Forecast to Be Lower Than Anticipated
June 2026 -
Fintech & Payments
Merchant Payments: a $100 Trillion Opportunity for Providers, but Global Complexity & Friendly Fraud Creates Challenges
May 2026 -
Fintech & Payments
Calling All Digital Identity & Cybersecurity Innovators: Future Digital Awards Now Open for 2026
May 2026 -
Telecoms & Connectivity
Juniper Research Predicts the US and South Korea Will Lead 6G Launches in 2029
May 2026 -
Fintech & Payments
Cross-border Payment Transactions to Hit $63 Trillion by 2030 Globally, as Cross-border eCommerce Scales Rapidly
May 2026 -
Fintech & Payments
Corporate Cards: 66 Million Cards in Use Globally by 2030, with Adoption Rising Among Microbusinesses
May 2026