5G is the latest generation of mobile cellular communications. It succeeds the 4G, 3G, and 2G systems. The 5G performance points to a high data rate, lower latency, energy savings, cost reduction, higher system capacity, and massive device connectivity. The first phase of the 5G specifications in version 15 will be completed in April 2019 to adapt to early commercial implementation. The second phase of Version 16 will be completed in April 2020 for submission to the International Telecommunication Union (ITU) as a candidate for IMT-2020 technology.
The Third Generation Partnership Project (3GPP), a collaboration between groups of telecommunications standards associations that also specified UMTS (3G) and LTE (4G), formally approved the specification of the new independent 5G Radio. The standardized 5G standard specification is an important step towards the next generation of cellular networks.
It should be noted that the development of technology has just begun. In the coming years, greater investment in R & D will boost the development of 5G. This will provide the opportunity to reach a better-connected world. Which is expected to benefit both economies and entire societies.
What is expected with the 5G
No doubt 5G will bring great benefits for everyone. Being that it will promote the invention of thousands of new products and services. It will also increase productivity and allow new industries to emerge. In fact, it is expected that by 2035 a wide range of industries, from retail to education, transportation and entertainment, and everything in between, could offer up to $ 12.3 trillion in goods and services driven for innovation 5G.
With this advance, devices, vehicles, buildings, and other elements would be connected with electronic components, software or sensors. Integrated 5G technologies will allow machines and automobiles to exchange information that allows direct integration of the physical world into computer-based systems.
The great potential of the 5G market is already well known. Likewise, there are already technology companies that are leading the development of 5G standards. In such a way, Huawei, Nokia, and Ericsson are established as the main contributors. While, Lenovo, MediaTek, and China Mobile significantly increased their share by comparing 4G with 5G. In comparison, with respect to shares, Ericsson, Motorola, Orange, and Qualcomm have contributed less to 5G than to 4G.
Source: Tim Pohlmann | IAM Market
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