The realm of telecommunications will be facing a new wave of innovation as companies (and countries) begin to invest in 5G technology. The need for the next generation of technology was inevitable, as it is estimated that there will be “1,000 fold increase” in the amount of data created in the beginning half of the 2020s.
5G technology is already being tested in certain areas, and the two major mobile corporations, Verizon and AT&T, are beginning to test their 5G prototypes. Both Verizon and AT&T readily acknowledge that their market domination is due largely to their early initial investment in 4G technology in the past. Countries involved in the Olympic games are looking to have the 5G infrastructure in place within time frames that coincide with when they are hosting the Winter (2018) and Summer (2020) games.
This is not to saw that 4G is no longer going to be available. The orders for 4G equipment are by no means slowing. Many countries are still in the process of adopting and offering 4G technology. Instead, it’s looking like the transition from 4G to 5G will be a very fast one. There is and will continue to be a wave of initial investment in the 5G technology, as the major players in the industry are set on staying ahead of the curve. The simultaneous continuation of 4G technology development, coupled with the push for 5G technology availability will undoubtedly lead to an easy transition between 4G and 5G in the upcoming years. The speed at which technology changes is starting to make the “early adoption” period for technology shorter and shorter.
This increased interest and investment in 5G technology does mean that there will be far more “cooks in the kitchen” as the saying goes. The obvious Telecommunications giants will want a say in what’s going on, but they are no longer the only key players involved. These days, there are also the mobile phone manufacturers (Apple, Samsung, etc) who are deeply invested in thi new technology, as it directly affects the sales of their hardware. But there are also all of the companies involved in the Internet of Things (IoT). The increased connection and digitization of our everyday life means that more and more companies are going to be invested in the shaping of wireless technology.
This shift towards 5G will be interesting to watch. It’s introduction and continued development will literally be changing the face of technology, and the possibilities it can provide are absolutely astounding.
To see the article that inspired this blog, click here: The Economist