From 1G to 4G, each generation of cellular network has seen a step up in capability and complexity. 5G is not another step; it is a quantum leap.
5G will not just change mobile internet, it will redefine connectivity as a whole becoming the network infrastructure for the Internet of everything integrating people, process, data and things.
In a world where not just people are connected but all things are, too: people will be connected to smart buildings, cars will be connected to smart traffic lights, patients with their medical devices to their doctors, and autonomous drones will criss-cross the skies. Every industry and human endeavor will be able to take advantage of cellular connectivity in ways that wouldn’t have been possible before.
The global economic impact will be massive. It is estimated to reach tens of trillions of dollars in the next decade. In Canada 5G could add $40 Billion in annual GDP and 250,000 permanent new jobs by 2026 according to some industry analyst estimates. With the “multiplier effect” of 5G and the growth of 5G-enabled massive Internet of Things (mIoT) these benefits could become even larger.
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