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5G Triggers a Paradigm Shift in Mobile Connectivity
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5G has the potential to radically change how we think about connectivity and trigger an array of growth opportunities across industries. A common misconception about 5G is that it is only about faster data speeds. While increased speeds may be one of the first visible manifestations of 5G, a number of use cases envisioned in a range of industries will have compelling applications far beyond watching videos on a smartphone. Consider some of the advantages 5G will have over 4G networks: the ability to handle significantly more data at speeds as much as 10 times faster than current standard rates; enough bandwidth to connect billions of people and trillions of “things;” greater than 99% service reliability; enhanced security; and ultralow-latency communications. In a global environment driven by continuous transformation, it has never been more critical to prepare for the inevitable paradigm shift in mobile connectivity, and understand the disruptive technologies, internal challenges, and transformative Mega Trends that will impact the market.In this study, Frost & Sullivan outlines the technical capabilities of 5G; analyzes key industry trends, market dynamics, drivers, and restraints; identifies the wireless carriers deploying 5G in the United States and their associated commercial launch timelines; provides market metrics and forecasts for 5G connections and capital expenditures (2020-2025); and identifies a range of emerging growth opportunities for market participants. The COVID-19 pandemic, of course, did not spare any industry. The study considers how the pandemic affected communication service providers, and the short- and long-term impacts on associated industries.
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