5G Switched On
A s market after market switches on “5G NR” (5G New Radio), we are at a truly momentous point in time. No previous generation of mobile technology has had the potential to drive economic growth to the same extent, going beyond connecting people to fully realizing the Internet of Things and the Fourth Industrial Revolution. Reports suggest that the introduction of this next generation standard could see mobile operators enjoying a bonanza 40% increase in revenues by 2026, with global GDP elevated a lofty 8% by 2035.
Digital infrastructure can make distance less relevant than ever. 5G is the key to making it all work: driving economic value from enhanced mobile broadband to industry digitalization. This – in turn – will require an ecosystem of technology, regulation, security, and industry partners to deliver on the promise of the new standard. Smart cities, Industrial IoT, augmented reality, autonomous transport, and digital health are just some of the exciting prospects that could be made real with the support of the fifth generation ecosystem.
The USA and South Korea were first out of the blocks with 5G networks. Switzerland were first in Europe and Australia were first in Oceania. China, Italy, Spain and UK have followed
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