Chuck LEAN Business Consultant
5G is the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices.
5G wireless technology is meant to deliver higher multi-Gbps peak data speeds, [removed] , more reliability, massive network capacity, increased availability, and a more uniform user experience to more users. Higher performance and improved efficiency empower new user experiences and connects new industries.
5G is based on [removed] (Orthogonal frequency-division multiplexing), a method of modulating a digital signal across several different channels to reduce interference. 5G uses [removed] air interface alongside OFDM principles. 5G also uses wider bandwidth technologies such as sub-6 GHz and mmWave.
Like 4G LTE, 5G OFDM operates based on the same mobile networking principles. However, the new 5G NR air interface can further enhance OFDM to deliver a much higher degree of flexibility and scalability. This could provide more 5G access to more people and things for a variety of different use cases.
5G will bring wider bandwidths by expanding the usage of spectrum resources, from sub-3 GHz used in 4G to 100 GHz and beyond. 5G can operate in both lower bands (e.g., sub-6 GHz) as well as mmWave (e.g., 24 GHz and up), which will bring extreme capacity, multi-Gbps throughput, and low latency.
5G is designed to not only deliver faster, better mobile broadband services compared to 4G LTE, but can also expand into new service areas such as mission-critical communications and connecting the massive IoT. This is enabled by many new 5G NR air interface design techniques, such as a new self-contained TDD subframe design.
5G is driving global growth.
• $13.2 Trillion dollars of global economic output• 22.3 Million new jobs created• $2.1 Trillion dollars in GDP growth
Through a landmark 5G Economy study, we found that 5G’s full economic effect will likely be realized across the globe by 2035—supporting a wide range of industries and potentially enabling up to $13.2 trillion worth of goods and services.
This impact is much greater than previous network generations. The development requirements of the new 5G network are also expanding beyond the traditional mobile networking players to industries such as the automotive industry.
The study also revealed that the 5G value chain (including OEMs, operators, content creators, app developers, and consumers) could alone support up to 22.3 million jobs, or more than one job for every person in Beijing, China. And there are many emerging and new applications that will still be defined in the future. Only time will tell what the full “5G effect” on the economy is going to be.
Are you prepared for 5G?
5G is designed to do a variety of things that can transform our lives, including giving us faster download speeds, low latency, and more capacity and connectivity for billions of devices—especially in the areas of virtual reality (VR), the IoT, and artificial intelligence (AI).
For example, with 5G, you can access new and improved experiences including near-instant access to cloud services, multiplayer cloud gaming, shopping with augmented reality, and real-time video translation and collaboration, and more.