Major 5G network deployments are expected by 2020, and a projected 4.1B IoT cellular connections will use 5G worldwide by 2024, according to Ericsson.
From supply chain management, transportation and logistics, manufacturing, to retail, to name just a few, 5G is poised to disrupt a plethora of the world’s biggest industries and global marketplaces.
- Supply Chain Management: Installing 5G-enabled IoT sensors on products could easily make a large amount of data could available to stakeholders in the supply chain in real time.
- Transportation: 5G technology could provide increased visibility and control over transportation systems, from public buses to private logistic fleets.
- Manufacturing: 5G technology could help production operations in the manufacturing industry to become more flexible and efficient while enhancing safety.
- Retail: Mobile shopping has become incredibly popular among consumers worldwide. Over 100 million Americans made a purchase on their smartphones in 2018.
- Cloud computing: Due to mobile devices’ low throughput, high latency, and inconsistent connectivity, cloud applications are often watered down in terms of features and functionality.
- Military: Real-time data collection and transmission to devices within communication networks are crucial, and 5G technology could minimize the speed of data transmission.
- Education: As 5G paves the way to better AR/VR experiences, teachers could use these technologies in a variety of new education techniques.