Since its introduction, 5G has quickly become the hot topic of every industry, and for good reason. By 2025, 5G networks are expected to cover one-third of the world’s population, and a 5G economy study found that by 2035, 5G could potentially enable up to $13.2 trillion worth of goods and services and create up to 22 million new jobs.
But what exactly is 5G, and why is it going to make such a difference in the way the world works? You might remember that with 3G, or the third generation of cellular technology, mobile data has been pushed forward, and 4G brought in a new era of mobile broadband. Now, 5G — the fifth mobile generation — will usher in the highest mobile connection speeds and lowest latency rates ever recorded. The new levels of connectivity created by 5G have the potential to impact nearly every industry, making fully-remote healthcare, smart cities, digitized logistics, and more into a way of life.