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IoT revenues set to skyrocket by 2025

(Image credit: O2)

Telecoms operators are rubbing their hands at the predicted performance of the IoT, with revenue expected to skyrocket in the next five years.

New research from Juniper Research suggests operator-billed revenue from 5G IoT devices (opens in new tab) will hit $8 billion by 2025, up from $525 million expected this year - representing a 1,400 percent growth.

According to the report, 5G IoT connections (opens in new tab) need to be seen as new connections that won’t cannibalise current operator connectivity revenue from existing IoT tech. Telecoms service providers will need to build new value-adding services to enable IoT users to manage their 5G connections.

The report places significant emphasis on network slicing and multi-access edge computing solutions, describing them as “essential” for the attraction of IoT service users likely to spend the most money.

“Management tools for the newly-enabled services are key for users managing large scale deployments,” said Andrew Knighton, author of the report.

“We believe only five per cent of 5G connections will be attributable to the IoT, but as these are newly enabled connections, operators must view them as essential to securing a return on their 5G investment”.

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.