Although consumers and businesses continue to demand increased speeds, improved security, and increased applications, the demand for 5G technology has driven many users to understand the impact of 5G on their daily lives. The most obvious and direct impact on consumers will be an exponential increase in streaming media playback speed. A traditional home Wi-Fi system connected to the Internet by wire or cable may in some cases become a 5G direct connection because the speed will be comparable to most fiber optic networks.
The impact of 5G on the enterprise sector will be huge. Chip, baseband and mobile phone manufacturers are ready for revolutionary changes. Other industries, such as banking, automotive, and agriculture, will be significantly affected by the development of the Internet of Things (IoT). From ATMs to irrigation equipment, everything may eventually become part of a huge network of “smart” products. The medical industry may be the most affected, with billions of wearable devices transferring data to doctors and clinicians and improving the transfer of large data files from one provider to another.
How about the role of 5G technology impact on service providers?
Although service providers are racing to build the equipment needed to support 5G, this is likely to be an example of “hurried start and long wait” because mobile phone manufacturers have fallen behind in their expected 5G rollout. Some providers are using massive MIMO deployments on existing towers as a bridge between LTE and 5G. The reduction in 5G coverage in mmWave and the increase in the number of antennas will drive competition and cost reduction innovation among providers during deployment.
IoT will change the way service providers interact with customers. For example, some applications may require lower bandwidth across multiple devices, which means that the focus may shift from quantifying data usage to overall quality of experience (QoE). For industrial applications, such as factory robots, service reliability may be a value-driven factor for customers. Different applications of 5G technology may bring more diverse services.