As per sources, global 5G IoT (Internet of Things) connections will reach 116 million by 2026, up from 17 million in 2023.

As shown by Juniper Research, healthcare and smart city services will drive this 1,100% growth over the next three years.

"5G will enable more efficient and dynamic healthcare provision that was not feasible with 4G or Wi-Fi. However, healthcare providers must first implement 5G in areas which provide a strong return on investment, most notably connected emergency services," said Research co-author Olivia Williams.

Furthermore, due to their low cost of deployment and ability to carry large amounts of data, 5G networks are expected to see significant growth in smart city services, according to the report.

In addition, due to their low cost of deployment and ability to carry large amounts of data, 5G networks are expected to see significant growth in smart city services, according to the report.

By 2026, there will be over 60 million 5G smart city connections worldwide, according to the report, and city planners are encouraged to use 5G connectivity as high-bandwidth gateways.

Based on the report, transportation network monitoring, including road and rail networks, will be critical services requiring 5G-enabled high-bandwidth cellular connectivity.