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5G Technology Market Benefits from Speed Inadequacies of 4G Networks

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Published on : Apr 14, 2016

5G is the upcoming fifth-generation wireless technology for broadband services that is based on the standards of the IEE (Institute of Electrical and Electronics Engineers) – it is recognized as the largest technical professional society in the world. 5G is a step ahead from the currently used 4G technology for better speeds and network coverage.

5G operates with signals of 5 GHz and provide speed up to 1 Gb/s for a large number of connections. 5G technology will support M2M/IoT, millimeter wave, multiple-input and multiple-output (MIMO), application and device-centric network architectures, and spectrum sharing functionalities. It is expected that 5G standards will be defined in 2018 and the technology is expected to witness an explosion of service operators and applications.

With consistently rising demand for higher speeds and large network coverage, some applications such as autonomous driving, distant learning, multi-user gaming and video conferencing, telemedicine, opera live streaming, augmented reality, etc. will inevitably display a demand for higher network performance. This will fuel growth of the 5G technology market. It is expected that 5G will bolster the performance capabilities of mobile networks and are the foundational infrastructure for the development of smart cities.

Nevertheless, the adoption of 5G will face hindrances due to the tremendous variations in the infrastructure that is required for 5G in comparison to 4G. Other than this, 5G will need to overcome the shortcomings of the previous generation technologies. For example, 5G will overcome issues such as lack of coverage, dropped calls, and low performance that are commonly experienced in 4G networks. In addition, some distinguishing features of 5G will combine with LTE-A (long term evolution –advanced) systems, which will block the difference between the two. 

In terms of geography, the 5G market is divided into North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. In the future years, the U.S. and Japan will display the highest number of 5G subscriptions. In the U.S., the Federal Communication Commission has started evaluating frequency bandwidth allocations for 5G. In APAC, Korea and China are striving to control the 5G technology and are conducting experiments with the technology.