5G & The Future Of Connectivity: 20 Industries The Tech Could Transform

The next generation of wireless technology could affect a wide range of industries, from healthcare to financial services to retail.

 
5G is transforming connectivity.

The technology enables faster data transfer speeds — up to 10x faster than the speeds achievable with older standards — lower latency, and greater network capacity. As a result, 5G creates a tremendous opportunity for numerous industries, but also sets the stage for large-scale disruption.

As of June 2021, commercial 5G services have already been deployed across more than 1,500 cities in 60+ countries worldwide, according to Viavi Solutions.

5G will be especially important as the number of IoT devices rises. The number of IoT devices — which will rely on 5G to transmit vast amounts of data in real time — is projected to grow from 12B in 2020 to 30B+ in 2025, per IoT Analytics, more than 4 devices for every person on Earth.

Executives across industries are already jostling to take advantage of 5G tech — and avoid being disrupted by it. Earnings call mentions of 5G have soared in recent years.

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Πηγή: cbinsights.com