3G, 4G, and the new 5G refer to different generations of mobile networks. If you look at your phone screen right now, there’s a good chance it says “4G” on it. And that’s okay… for now. But in a few years, 4G will be antiquated and replaced by 5G.
5G is built to support the increase in connected devices and speed. It will be ideal for applications such as the Internet of Things (#IoT) and the billions of connected devices, HD Video, smart city applications, self-driving cars, VR headsets, and delivery drones.
Another impactful application for 5G is telemedicine. Faster connections, greater reliability, higher bandwidth and increased adoption will improve user experience, reach, and quality of care.
Some projections say 5G will be about 10 times faster than 4G. Others believe that within the next 5 to 10 years, 5G will offer speeds up to 40 times faster than 4G’s 5 – 12 Mbps. Regardless of which is correct, 5G will be providing a “wider pipeline and faster lanes.” For carriers in the US, the target for 5G is 2020. Ericsson projects that 5G will reach about 15% of the world’s population by 2022.
#5G will require $130-$150B to deploy. From cell towers, to small cells, long haul transport and dark fiber, the question to ask is “Is your network positioned to capitalize on this opportunity?”
If not, give us a call 303.678.1844 or drop us a note email@example.com; we would welcome the chance to help you.
– Business Insider Intelligence estimates that 22.5 billion IoT devices will be installed globally in 2021, up from around 16 billion in 2020
– Companies are projected to spend almost $5 trillion on the IoT in the next five years
– 5G is expected to grow at a CAGR of 70% through 2025
– VR device ownership will grow from 2.2 million in 2016 to 20 million in 2018