The telecom sector has witnessed a paradigm shift, especially when it comes to mobile technology. If we look at the first generation technology that appeared more than a decade ago, with the prevalence of 5G technology today, data transmission has become faster and reliable.
What is 5G?
5G, basically refers to the fifth generation mobile technology among all the technologies to date. It is the latest in the breed and is designed in such a way that it can improve upon the existing 4GLTE technology that is very popular these days. Each generation of technology is defined based on various factors such as, the underlying technology used to build that generation, and the speed at which data is transmitted to other connected devices.
Moreover, there is a difference between public 5G networks and private 5G networks. 5G mobile technology is said to deliver gigabit speed – meaning that data can be transferred between devices at a rate of 10 gigabits per second. Moreover, 5G technology also eliminates any kind of latency and helps in increasing connectivity and coverage of remote sites, where today’s 4G network is being challenged.
However, 5G technology is in the process of being established today and is available as a scheme only, with limited coverage, limited to a few regions or regions. Countries like South Korea have already rolled out 5G nationwide. Other countries such as Australia, China and the European Union are also working with relevant regional service providers to expand 5G connectivity.
What does 5G do?
One of the primary benefits of owning 5G mobile technology is reduced latency and a significant improvement in connection speed. Users can enjoy faster downloads, reduce any kind of buffering, and get an enhanced and exciting virtualization experience.
Moreover, the use cases of 5G mobile technology go beyond the consumer. Since this is a wireless technology, it will ensure smooth transmission of a large amount of data for businesses as well. It will help create a very seamless connection between the digital world and the physical world.
Let’s take a look at the various sectoral applications of 5G mobile connectivity
With the help of the 5G network, traffic lights can efficiently manage intersections by detecting oncoming cars. The 5G network can also be expanded to include self-driving cars that can communicate with other similar cars.
With 5G technology, doctors and clinicians can diagnose and treat patients who are sitting in remote locations. Harnessing the power of artificial intelligence will allow clinicians to come up with accurate diagnoses and treatments.
It is projected that by 2050, the agriculture sector will be required to feed nearly 10 billion people, using the same capacity of land that currently feeds 7 billion people. The use of 5G technology will help the use of farm equipment that can help improve the efficiency of food production.
· Public services
5G could easily assist public services such as 911 in the United States, where coordination between other components such as ambulance, police and fire departments could increase dramatically. This will improve location information where such services are needed, resulting in faster response and uptime.
Why is 5G important?
Today, every company depends on the telecom sector to access high speed internet. Having 5G will be very beneficial for many companies by slicing the network. This means that data used in communications and entertainment will get one slice of the network, and areas that require important data will have a dedicated slice. To ensure that this is achieved soon, the telecom sector is building the infrastructure to ensure a smooth transition to 5G mobile technology.
The success of this transition depends on the virtualization of Radio Access Networks (RANs). For telecom companies, RAN is a critical component, and it involves an expensive and complex process. However, as there is a growing demand for 5G network connectivity, companies have to invest in RAN networks to meet this demand.
The difference between the fifth generation and previous generations
Let’s take a look at how the 5G network connection differs from its predecessors.
- 1G – first generation: It was available in the 80s and was delivered through analog devices
- 2G – second generation: It was implemented in the early 1990s and used digital audio technology (eg CDMA technology)
- 3G – the third generation: It was launched in the early 2000s as technology was using mobile data consumption (for example, CDMA 2000)
- 4G – Fourth Generation: The current mainstream technology, which uses LTE technology to provide high-speed connectivity. Broadband appeared thanks to 4G
All previous generations have paved the way for 5G mobile technology because it is designed to provide improved connectivity over previous generations of mobile technology. With things like zero latency, flawless connectivity, and extremely fast speeds, mobile technology will take mobile technology to a different dimension. It will have a huge positive impact on almost every industry helping them achieve their business goals faster.
The impact of 5G networks on the global economy
It is clear that 5G will lead the global economy. Here are some important eye-opening stats.
- Global economic output of $13.1 trillion
- Create new jobs worth 22.8 million dollars
- Global capital expenditures for 5G and research and development over the next 15 years are expected to reach $265 billion.
The true impact of 5G on the global economy is expected to be felt by 2035, when many sectors of the industry will harness the power of 5G, resulting in $13.1 trillion worth of goods and services. From a labor market perspective, the 5G value chain – which includes players such as OEMs, content creators, operators, developers and consumers – is expected to be able to support 22.8 million jobs, only in Beijing, China. This is the power and potential of 5G, however, only time will tell how effective this technology is and how much the global economy will be affected.
Here is an answer to some of the frequently asked questions around 5G.
Is 5G available now?
The answer to this is yes. The 5G mobile technology network has already been launched by many operators and since 2019 this has been around. Moreover, mobile device manufacturers have also started developing and launching 5G compatible mobile devices. Today, 5G has been successfully rolled out in over 60 countries and that’s just the beginning.
Do I need a new 5G smartphone?
Yes, to ensure that the 5G network is working effectively and that you are able to fully utilize the potential 5G mobile technology, you need to purchase a smartphone that is compatible with the 5G network connection. There are many manufacturers who have already started making 5G smartphones and there are many carriers globally that provide and support 5G networks.
Although we have seen a start in the role of the 5G mobile technology network, the network is ready for a massive transformation in the way the world sees the telecom sector. We will see widespread implementation of process automation rapidly thanks to 5G technology. If we talk about consumer goods and especially the mobile sector, consumers can be prepared for an exceptional experience – with more and more Internet of Things, augmented reality and virtual reality technologies to support it.
The global implementation of 5G will bring much needed change to the telecoms infrastructure, however, we cannot ignore the fact that this comes with its own set of challenges. The question is – are we ready for that?
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