A Look Into the Future: What Will the 5g Industry Look Like in 10 Years?

A Look Into the Future: What Will the 5g Industry Look Like in 10 Years?

A Look Into the Future: What Will the 5g Industry Look Like in 10 Years?

5G is going to change our lives in ways that we cannot even imagine at this point. Current estimates state that between 2020 and 2030, the implementation of 5G alone will make a contribution to the real global GDP equivalent to an economy the size of India. And in 2030, the value of 5G will support 22 million jobs worldwide and produce an economic output of $12.3 trillion. So yeah, 5G is a pretty big deal, and everyone from carriers to device makers is keen onboarding the 5G train ASAP.

Developing 5G technologies decided 

Originally, 5G was not due to roll out until 2020, but the companies developing 5G technologies decided to bring forward the date, and now we will be seeing the fruits of their labor by 2019. Recently, we have been reporting a lot about telecommunication companies announcing 5G trials. In the UK, Vodafone and EE have already announced plans to hold trials in cities across the British Isles. And across the pond, Verizon, AT&T, T-Mobile, and Sprint have been eagerly making plans. Meanwhile, device makers are all joining the fray with the first 5G phones due to hit shelves in 2019.