Let’s stay in touch
What is 5G? How fast is 5G?
In short, it’s the beginning of the ‘Fourth Industrial Revolution’. However, to answer the questions — 5G will be the fifth generation of state-of-the-art wireless tech, bringing a whole host of improvements to wireless networking performance.
Yes, we’re speaking of faster downloads, low latency, phenomenal network reliability, and a revolutionary impact on our lives, work, and play. So to be precise, 5G’s speed can be as fast as 10 Gbit/s, and that, ladies and gentlemen, is a 20-fold increase over previous limitations.
Intrigued yet? No? Read to unravel how 5G is poised to take big strides over the coming years and how this technology will likely impact other sectors and adjacent technologies.
5G Stats & Facts
1. According to researchers, about 1.5 billion people will have access to 5G by 2024. cnet.com
It may not seem like it at present, however, 5G will cover about 40% of the world.
2. Gartner predicts that 5G investment will likely surpass LTE/4G in 2022. techrepublic.com
Not surprising that the increased adoption will bring increased revenues to the major players in this roll-out.
3. At present, with 49.4% of 2020’s worldwide investment, China is leading the global 5G race. techrepublic.com
Chinese CSPs can seamlessly build 5G networks owing to the country’s economic infrastructure, minimal legal challenges, and state sponsorship.
4. As per the new Ericsson Mobility Report, there will be over 10 million 5G subscriptions all over the world by the end of 2019 and up to 400 million subscriptions worldwide by 2024. ericsson.com
Considering how 5G will be game-changing, long-term adoption is expected to be massive over the next few years.
5. The Ericsson Mobility Report also revealed that by 2024 at least 65% of the world’s population will have used 5G. networkworld.com
Again, adoption over the next few years will enter the mainstream, as a majority of the world’s population is expected to have experienced 5G first-hand by 2024.
6. 5G is not just rolled out, it is already going big. NFL stadiums are already serving as a testing ground for 5G. forbes.com
Yes, Verizon has already integrated its new 5G network in 13 NFL stadiums. The aim is to make games even more enjoyable for fans.
7. Experts believe 5G is more than a speed boost. It is being referred to as the foundational tech that’ll rev up the adoption of technologies like virtual and augmented reality. cnet.com
It doesn’t end at that. This will most likely have an impact on tech domains like artificial intelligence and machine learning and lead to widespread adoption of technologies like self-driving cars and smart homes, as well as telehealth services like remote surgery.
8. According to Ericsson, there are around 1 billion cellular IoT connections worldwide, a good enough reason why 5G operators are increasing deployments. techrepublic.com
With the widespread adoption of IoT, a robust 5G infrastructure will be necessary to support the networking requirements of all those devices and sensors.
9. According to the Ericsson Mobility Report released in June 2019, none of the previous generations of mobile technologies were capable of imploring and driving economic growth to the extent 5G has promised. networkworld.com
5G will set the groundwork for the ‘Fourth Industrial Revolution’. It will go beyond connecting people to fully realize the Internet of Things (IoT) and the “Fourth Industrial Revolution”.
10. According to another report, 5G subscriptions are expected to push past 1.9 billion by 2024. venturebeat.com
The figures are a rise from 2018’s figures which were predicted to be around 1.5 billion as the operators have increased deployments, and users — however few — are switching to 5G devices.
11. The big fours — AT&T, Sprint, T-Mobile, and Verizon — have already launched mobile 5G in some of the metro areas of the States. For instance, by July, Sprint had deployed mobile 5G in parts of Atlanta, Chicago, Dallas-Fort Worth, Houston, and Kansas City, Missouri. theverge.com
According to an article by Townsend published on Forbes, deployment of all networks will continue throughout the remainder of 2019 and 2020.
12. One of the business-side benefits of shifting to 5G is its ability to inspire “Industry 4.0” – the fourth industrial revolution. data-economy.com
This term typically refers to industries that have integrated wireless technology into their machinery and equipment. Making use of artificial intelligence along with 5G and IoT, the goal is for the factory to monitor and modify safety, efficiency, and any other requirements.
13. According to a report, 5G networks will be responsible for 35% of total global mobile traffic by 2024. techrepublic.com
Mobile data traffic is increasing all over the world, and by the end of 2024, it is expected to mount 131 exabytes (EB) per month.
14. Several space organizations are progressively emerging as 5G trendsetters. SpaceX, for instance, has already been licensed to deploy at least 12,000 Starlink internet satellites (and recently applied for 30,000 more). space.com
SpaceX introduced its first 60 Starlink craft in May, which functions at a low Earth orbit altitude of about 550 kilometers (342 miles). The International Space Station, by contrast, orbits roughly 250 miles or 400 km above Earth.
15. 5G was first commercially launched in the Western Europe region in April. globaldata.com
5G is predicted to account for at least 40 percent of mobile subscriptions by the end of 2024.
16. 5G is most likely to nudge the use of autonomous cars and trucks, improving safety on the roads and facilitating growth in the sharing economy. forbes.com
There will surely still be questions around the safety of autonomous cars, as disturbing accounts of cars not “seeing” pedestrians and even gigantic big rig trucks continue to be a thing.
17. In India, 5G is predicted to arrive by 2022 and will account for around 6% of total mobile subscriptions by the end of 2024. economictimes.indiatimes.com
The Indian region including Nepal and Bhutan will be the slowest to adopt 5G followed by the Middle East and Africa. Big shots like Vodafone Idea, Airtel, and Jio being locked in a price war are the primary cause for this delay.
18. Tech experts around the world believe that 5G will most likely have a fundamental impact on VR and AR development and usage as well – spurring increased use of the technology. zdnet.com
Well, at this point we all know 5G will facilitate very low latency. How does this enhance the usage of AR/VR technology?
Here’s how: high latencies between action and response, specifically head movements, cause motion sickness for VR users. Overcoming high latency would increase the usefulness and enjoyment users get from both AR and VR experiences.
19. Disney and Verizon, two big shots, announced at the Consumer Electronics Show (CES) earlier this year their 5G-based partnership for product innovation. medium.com
What happens when technology meets art? Magic. Hollywood isn’t very far behind when it comes to 5G adoption. From a production viewpoint, 5G will sanction cloud-based production workflows to back high-quality content creation.
20. According to Intel’s 2018 report, 5G mobile gaming revenue by 2028 is expected to reach $100B. newsroom.intel.com
Virtual and Augmented Reality, immersive content, and cloud gaming are platforms that are most likely to gain from a more rapid and responsive interface.
21. Fox Sports in partnership with AT&T, Intel, Ericsson, and Fox Innovation Lab broadcasted the 2018 US Open live in high definition using 5G. marketwatch.com
In the future, 5G could help deliver real-time, virtual reality experiences from the field directly to viewers.
22. Whirlpool, a global home appliance manufacturing company has already started the 5G roll-out process for one of its factories. csoonline.com
The company is making use of IoT devices for on-time maintenance, process monitoring, and environmental controls, using a conventional local area WiFi network. However, with 5G, the company could do something that was previously impossible: incorporate autonomous forklifts as well as other vehicles, increasing efficiency.
23. According to Economists, of all the living generations, millennials will have the largest buying power for 5G by 2021. venturebeat.com
If you’re a millennial, prepare to be marketed heavily too: you are the prime segment for 5G products and services.
24. With 5G, gamers will be able to experience augmented reality using their own smartphones wherever they are, without having to use additional devices. venturebeat.com
Mainstream retailers including Walmart for instance, have already joined forces with Lego and tech supplier ‘Seek’ to bring Lego sets to life, allowing them to battle and interact right on the store’s floor. 5G will only accelerate and improve these experiences.
25. Users are most likely to undergo nausea in VR if the latency goes above 20 ms. However, with 5G’s sub-2 ms or sub-5 latency, the user experience will be ‘top-notch’. forbes.com
It should feel natural as VR is all about immersion. VR requires the consumption of more data than general technology gigs, hence, it’s imperative that high latency is overcome for a ‘wow’ VR experience.
In conclusion, the market trends for 5G are changing and will have a direct impact on other trending technologies like AR/VR and IoT. 2019 was a great year to take 5G a step further, but as per the rumors on the street, 2020 will be the year we’ll truly begin to see 5G go mainstream. Excited?
CitrusBits is a leading custom software development company that specializes in creating innovative solutions tailored to meet unique business needs. With a team of expert developers and designers, they deliver high-quality mobile app development services, empowering businesses to engage their audience and drive digital transformation. CitrusBits’ commitment to excellence and customer satisfaction makes them a trusted partner for companies seeking cutting-edge software solutions.
Let’s stay in touch