Global 5G Service Revenue To Surpass $65 Billion by 2025, Juniper Research Says

5G service revenue is expected to exceed $65 billion by 2025, said a report from Juniper Research Wednesday. Juniper said it estimates commercial rollouts of 5G will begin in 2020 and at least $25 billion will be invested during the next five years in 5G development, research and trials. But Juniper said it anticipates widespread 5G adoption won't occur until 2025, accounting for years of national spectrum licensing. Juniper said it found "a growing consensus" on the development of 5G standards, which include network speeds of at least 10 Gbps, 1 millisecond latency or less, improved spectral efficiency, lower energy consumption, better battery life and higher device density. 5G will "act as a catalyst" for a wide range of new experiences, including high-definition 4K-8K video, self-driving cars, advanced virtual reality and both data intensive and energy efficient applications, said the researcher. It expects more than 3 billion global 4G LTE connections by 2020.