Recent headlines say it all - the next wave of digital transformation is upon us and 5G will play a big part of it. Carriers and telecom providers are vying to lead the charge and are mobilizing to quickly align with the advancements. By 2022, 60% of the global population will be internet users and 82% of all IP traffic will be video, as reported by Cisco’s latest Visual Networking Index. Carriers will have to transport 136 exabytes of traffic a month by 2024 - delivered into 1.5 billion 5G terminals. This is a fivefold increase in mobile data, as noted in Ericsson’s 2018 Mobility Report. In addition, North America and major regions across Asia will greatly surpass Europe in terms of 5G connections over the next five years.
5G potentially offers huge benefits over existing 4G networks in some of the following ways:
And to throw one more fun fact in there from Cisco: internet traffic is slated to reach 4.7 zettabytes by 2022 - which is more than the entire history of the internet combined. These are amazing stats and point us forward to the future and a continuing wave of digital transformation.
5G will allow telecoms to innovate and grow - bringing a myriad of opportunities. It will make significant impact on our capabilities, economy, and deliver undeniable benefits for end-users. It will be exciting to see the developments near-term and into the future. Stay tuned for more!