While some might dismiss it as just another increase in data transfer speed, as was the case with the move from 3rd Generation to 4th Generation cellular Internet, 5G looks like it will be a true technological breakthrough. Not only will speeds increase exponentially, reducing friction and giving us data transfer speeds that were previously unheard of, the 5G network will also open the door to many of the technologies that will shape our future in years to come. An article I read yesterday even opined that 5G could take Bitcoin and other Cryptocurrency mainstream.
It is no wonder that the 5G market is estimated to skyrocket to $277 billion by 2025.
What is 5G?
It is a communications network of unprecedented speed and volume, enabling billions of people and machines around the world to transfer data rapidly and seamlessly. The deployment of numerous antennae (which are significantly smaller and require much less energy than contemporary cell towers), coupled with tremendous speeds, will connect our smart devices, homes, cars, cities and much more, creating a never-ending flow of information.
Just how fast will 5G be?
The current highest speed for cellular internet, LTE, maxes out at about 300 megabits per second. 5G will reach speeds of up to 10 Gigabits per second – a 20-fold increase². Imagine the numerous applications on which such speeds could have a positive impact.
However, the true reason 5G will change our lives is the way it will pave the way for other technologies. One of the greatest revolutions that is expected in the near future is driverless cars (which is covered by the Driverless CopyPortfolio). Seamless and fast car-to-car communication is essential for autonomous cars to function, and, therefore, 5G will serve as the perfect catalyst for them hitting the road. And that’s just one example. The entire IoT (Internet of Things) industry could be upgraded, alongside cloud computing, drone technology (in which you can invest through DroneTech), smart cities and almost any tech-heavy industry.
The future will be much more connected and we will eventually reach a state in which every appliance we use, every garment we wear, any car we ride and basically, any external item we use in our daily lives, could be connected and “smart”.
Building the future (5G)
What should we expect?
The construction, deployment, operation and future benefit of 5G will span multiple sectors, each maintaining and/or using a different aspect of the network. For instance, the construction and deployment of infrastructure is being orchestrated by mobile and infrastructure companies, such as Nokia (HE:NOKIA) and Ericksson, while telecom companies, such as Verizon (NYSE:VZ) and Deutsche Telekom (DE:DTEGn) will supply organisations and private individuals with access to the network.
This article originally appeared on Investing.com.