Commercial services switching on worldwideTelecommunication companies have been able to offer 5G services in many countries since 2020. As more smartphones with 5G capabilities are released for sale, subscription rates are expected to increase significantly. By 2024, forecasts predict that there will be around three billion 5G subscriptions worldwide. Developed Asia and North America are expected to embrace the 5G technology faster than the other regions: by 2025, around half of overall mobile connections are projected to be 5G-enabled in these two regions.
5G: What are the benefits?As capacity demands driven by growing internet data traffic increases, 5G aims to speed up data transmission by up to twenty times compared to 4G/LTE. 5G technology will also allow a connection density up to ten times greater than that of 4G/LTE, capable of supporting up to one million connections in a single square kilometre. More devices connecting without causing network congestion will become a key re
5G technology will allow for easier streaming of high-definition media in densely populated areas or when out of reach of Wi-Fi hotspots. Other potential benefits include; integrated management of the vast amount of connected devices in a smart society, lower cost, lower battery consumption, lower latency, and improved support of device-to-device communication. 5G is also expected to advance machine-based, IoT-centric functionalities, for example, in automotive for autonomous and self-driving cars, and smart factories. The economic impact of 5G is expected to reach 484 billion U.S. dollars in the United States alone, delivered through enhanced productivity and efficiency, as well as the creation of new sales opportunities across the economy.