Remember when 4G was the new kid on the block? Suddenly we’ve blinked, and now 5G is everywhere. Oh, and if your phone switches from 5G back to 4G, you really know about it.
So, what’s with the sudden surge in 5G demand? Below, we’ll explore the surging adoption of 5G and why it’s so good.
The Need for Speed
Statistics show that 75 countries have 5G connections. They also show 433 million 5G connections were added between the Q3 of 2021 and Q3 of 2022. That means the numbers stood at 922 million people connecting to the 5G network.
The result? It’s not necessarily about the average Joe connecting to a faster network on their mobile. It’s about the doors that strong speeds can open. There have been massive innovations in telemedicine, data processing, generation, and more, and this was only bolstered over 2020 and 2021.Due to the pandemic, our relationship with the internet changed. Suddenly, we were all working from home, and video calls became our new hangout spots. Our home Wi-Fi networks were struggling to keep up. That’s when 5G’s popularity really picked up. With its promise of a stable and super-fast internet, it became more of a necessity than a luxury.
Revolutionising The Modern World
For the gamers and bingers among us, 5G is similarly a dream come true. No more shouting at the screen due to lagging during a crucial moment in your game, about to make a crucial bet on real money casino games, or while streaming your favorite show. 5G promises to make these experiences seamless and more immersive, which is pretty exciting if you’re into that stuff – and who isn’t?
5G has also made big strides with the Internet of Things (IoT). With more devices getting connected, from your fridge to your watch, 5G offers the bandwidth to keep them all humming along nicely.
This is particularly useful for people living or travelling to more rural areas. Previously, a trip into rural areas typically meant 3G or even H+ connectivity would get you nowhere. With 5G, however, rural folk have better access to information, education, and more.
For businesses, too, 5G is more than just a new technology. It has become a transformative tool. It’s changing business operations, from automating factories to enabling new customer experiences. It’s like giving businesses a magic wand to reinvent themselves. However, the primary business benefit is data processing, control, and generation.
The 5G Impact
5G adoption wasn’t easy. There was some controversy around 5G. Health concerns about conspiracy theories are naming just two. During COVID, the 5G conspiracy theories blew up, with some people taking it upon themselves to destroy 5G connection towers.
Most of these fears were more about the fear of the unknown. The science community has largely debunked these concerns, reassuring us that 5G is as safe as any other cellular network technology.
Since then, 5G has become a big economic driver. Some estimates say it could add trillions to the global economy in the next few years. By 2035, it’s expected to generate $13.2 in revenue. According to research, by the end of 2022, the market value for the 5G Core Network was $1323.2 million.
So what’s next? We’re already hearing murmurs about 6G, believe it or not. Apparently, 6G should be in our hands by 2030 commercially. But for now, 5G is the star, and it’s still got a lot of room to grow and evolve.
The surge in 5G demand is more than just faster smartphones. It was a massive change to how we connect with the world around us. From transforming industries to changing our daily lives, 5G is not just a new technology. It’s the backbone of a digital revolution.
Despite the challenges and controversies, the potential benefits are too big to ignore. We’re talking about a more connected, efficient, and innovative world. Until 6G comes along.
