10 reasons why 2020 will be the Year of 5G
- 5G may not have picked up in 2019 and there are still considerable challenges to address, but 2020 could be shaping up to be the Year of 5G.
- India is scheduled to put the 5G spectrum up for bid between March and April 2020.
- Even though the network isn’t available globally, marketers, smartphone manufacturers and the banking industry are expecting 5G is to explode during the second half of 2020.
Everyone along the 5G value chain — from network operators to banking players — are set to gain $3.5 trillion in revenue by 2035 and support up to 22 million jobs, according to Information Handling Services Markit 5G economic impact study.
As always, every emerging technology is a double-edged sword. Where 5G will allow users to browse the internet faster than ever before, it will also expedite how fast hackers can breach security.
In many parts of the world, legislation is yet to catch up to ever-evolving cyber threats and 5G will only be bringing more people online as it can cut out the need for last-mile fibre broadband connectivity.
Here are the top 10 reasons why 2020 is shaping up to be the ‘Year of 5G’:
5G is going to make phones even more addictive
5G will start to change media and marketing
Threat to cybersecurity
It’s going to replace last-mile fiber connectivity
The biggest change in the banking industry
Affordable smartphones are on the way
Smartphone makers cut down on their 4G production replacing it with 5G alternatives
The feud over bandwidth has been settled internationally
The 5G spectrum is confirmed to up for grabs in 2020
5G radios more than doubled in 2019
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