With 75 billion Internet of Things (IoT) devices expected to be in place by 2025, the world will be at the cusp of experiencing a technology that will change today’s way of living.
With 5 G business networks switching on, first-use instances are improved mobile broadband, bringing better smartphone user experiences and fixed wireless access, supplying households with fiber-free speeds.
It’s just the beginning to be able to download a full-length HD movie in seconds and share your wow moments with friends.
Commercial 5 G networks are beginning to go live worldwide.
“The true value of 5 G is the opportunity it offers to people, businesses, and the world at large: more connected, smarter, and more sustainable industries, regions, towns, and cities,” says Ericsson, who leads 5 G research and global implementation.
While we have some idea how 5 G smartphone will look like, the entire technology is not yet completely grasped by billions of individuals who are set to reap the advantages when it explodes-at home, at the office or on the go.
According to Gartner, the global 5 G wireless network infrastructure revenue will reach $4.2 billion in 2020, a rise of $2.2 billion from 2019 income of 89 percent.
Furthermore, investments in 5 G NR (New Radio) network infrastructure will account for 6% of the total wireless infrastructure revenues of communications service suppliers (CSPs) in 2019 and will reach 12% by 2020.
5 G New Radio (NR) is the global standard for a 5 G wireless interface that is unified and more competent.
“It will offer mobile broadband experiences considerably quicker and more responsive and extend mobile technology to connect and redefine a variety of new sectors,” says Qualcomm, another 5G technology leader.
5 G Services has already started in the United States, South Korea and certain European nations, including Switzerland, Finland, and the UK. Plans to accelerate 5 G network construction by 2020 have been announced by CSPs in Canada, France, Germany, Hong Kong, Spain, Sweden, Qatar, and the United Arab Emirates.
While consumers are the main segment driving 5 G development, CSPs are increasingly targeting enterprises with 5 G services.
The company will switch to 5 G worldwide in 2019, supported by a powerful, safe and accessible portfolio, according to Ericsson’s president and CEO Borje Ekholm.
“Consumers and businesses are waiting for 5 G,” said Ekholm, adding that the US and Asia are at the forefront of 5 G growth.