Fifth-generation mobile networks — 5G, for short — will be able to transmit data about 10 times faster than 4G LTE, the current standard, according to Ericsson’s annual Mobility Report.
That could revolutionize the IoT. And although it will take time to roll out, it’s already being embraced by hardware makers and telecoms thanks to a March decision by 3GPP, an association of telecoms, to approve faster initial 5G standardization. That means adoption will come in the next few years — Ericcson projects that 5G will reach about 15% of the world’s population by 2022.
Ericcson expects 5G to first be deployed in major metropolitan areas, so IoT applications it’ll be first be used to connect probably will be smart city solutions like connected streetlights and traffic lights. But 5G eventually will connect everything from smart home devices to self-driving cars and robotics.
Faster data transmission could simplify connected device management, which means 5G could lead to significant growth in the IoT. Here’s how:
The Internet of Things (IoT) is disrupting businesses, governments, and consumers and transforming how they interact with the world. Companies are going to spend almost $5 trillion on the IoT in the next five years — and the proliferation of connected devices and massive increase in data has started an analytical revolution.
To gain insight into this emerging trend, BI Intelligence conducted an exclusive Global IoT Executive Survey on the impact of the IoT on companies around the world. The study included over 500 respondents from a wide array of industries, including manufacturing, technology, and finance, with significant numbers of C-suite and director-level respondents.
Peter Newman, research analyst for BI Intelligence, Business Insider’s premium research service, has conducted an exclusive study with in-depth research into the field and created a detailed report on the IoT that: