The new communication standard known as 5G, or Fifth Generation Mobile Network, makes it possible to connect at extremely high speeds and with very little latency. Additionally, compared to its technological forerunner, browsing performance is up to 100 times faster. Moreover, the delay is reduced to a millisecond or less. All of this can be accomplished without the need for additional devices to be connected simultaneously. As a result, these features are opening up prospects for industries that previously appeared unthinkable. This kind of technology will be combined with the Industrial Internet of Things (IIoT), which will enable industrial activity to develop in a way that is much more adaptable, autonomous, and effective.

A new era of connectivity, speed, and powers never before seen or experienced is being ushered in by 5G. By 2025, more than 3 billion people will be using the new, ultra-high-speed 5G network, which will naturally succeed the 4G network and account for nearly 50% of all telecom and internet customers.

By widely implementing 5G communication networks together with other connection options, the benefits of the Fourth Industrial Revolution and its associated new technologies will be completely realized. A wide range of options will become available as a result of 5G's major functional drivers, including improvements in service delivery, decision-making, and end-user experience.

By enabling use cases triggered by 5G, significant commercial and social value can be produced. According to some researchers, the global value chain for 5G is expected to provide 22.3 million jobs and enable $13.2 trillion in economic value by 2035.

The Role of 5G in Transforming Various Industries


The 'fifth generation' of mobile connectivity is referred to as 5G Technology. The most recent generation of cellular technology aims to increase the responsiveness and speed of wireless networks.

Since the first standardized cellular network (1G) was introduced in 1982, 4 technical standards have been adopted and put into use worldwide. 2G, 3G and 4G LTE are examples of further cellular technologies that were introduced in 1992, 2001, and 2010, respectively.

The 5G chipset market has witnessed substantial growth in recent years owing to an upsurge in the demand for high-speed internet and broad network coverage. Adding to this, technological advancements and an increase in the popularity of 5G-enabled smartphones will further accelerate the growth of the market. According to the Data Bridge Market Research analysis, the 5G chipset market is projected to grow at a compound annual growth rate (CAGR) of 49.02% from 2022 to 2029.

To learn more about the study, visit: https://www.databridgemarketresearch.com/reports/global-5g-chipset-market

Table 1: Comparison of Various Cellular Network Technologies






Introduction Year









MIMO, mm Waves

Access System





Switching Type

Circuit switching for voice and packet switching for data

Packet switching except for air interference

Packet switching

Packet switching

Internet Service



Ultra Broadband

Wireless World Wide Web


25 MHz

25 MHz

100 MHz

30 GHz – 300 GHz


Multimedia features (SMS, MMS), internet access and SIM introduced

High security, international roaming

Speed, high-speed handoffs, global mobility

Extremely high speeds, low latency


Voice calls, short messages

Video conferencing, mobile TV, GPS

High speed applications, mobile TV, wearable devices

High resolution video streaming, remote control of vehicles, robots, and medical procedures

Source: Veritis Group Inc.

Facts and Figures

Global 4G population coverage will surpass 85% by the end of 2022, and it will reach over 95% by the end of 2028. There are currently 816 4G networks operating around the world, 336 of which have been upgraded to LTE-Advanced, and 62 are gigabit-capable.

There have been about 240 networks launched globally as the 5G rollout continues. By the end of 2022, 5G coverage had reached around 35 percent of the world's population, and by 2028, it was expected to reach nearly 85%.

Table 2: 5G coverage split by region (end of 2022)


5G Penetration (Market Share %)



North America


Latin America




Middle East and Africa


Asia-Pacific (Without China)




Source: Telefonaktiebolaget LM Ericsson

According to a blog post on STL Tech:

The "5G" wireless cellular network is the industry's fifth generation, and it was another year of astounding expansion. With momentum in enterprise subscriptions and industrial deployments, solid 5G uptake continues into 2023 after adding almost half a billion connections in 2022. By the end of 2022, there were 1.05 billion 5G wireless connections worldwide, an increase of 76% from the end of 2021. By the end of 2027, it will reach 5.9 billion people, according to research from Omdia and 5G Americas.

5G Use Cases in Various Sectors

Telecommunication Sector

An industry traditionally dominated by monolithic and purpose-built hardware, lacking flexibility and agility, is now being transformed by 5G by focusing on a new approach to infrastructure that offers modularity and adaptability. One of the main advantages of 5G for businesses is that it makes it possible for organizations to benefit from cutting-edge technology such as IoT and Artificial Intelligence (AI). The Internet of Things (IoT) is a network of interconnected objects that may communicate with one another over the internet, including smartphones, sensors, and other connected gadgets. Contrarily, artificial intelligence (AI) is the use of machine learning algorithms and other methods to automate processes and make predictions based on data.

Advantages of 5G for the telecommunication industry:

Smart Factories/Manufacturing

The implementation of 5G technology will significantly alter how Industry 4.0 firms, or "smart factories," manufacture and distribute items. Low latency, high reliability, and increased speed—the core components of 5G-are essential for supporting emerging technologies and their cutting-edge uses in the field of smart manufacturing, including process automation, remote monitoring, device life cycle management, and other areas.

The smart manufacturing market has witnessed substantial growth in recent years owing to rising government involvement in supporting industrial automation. Adding to this, the rising popularity of enhanced factory technologies will further accelerate the growth of the market. According to the Data Bridge Market Research analysis, the smart manufacturing market is projected to grow at a compound annual growth rate (CAGR) of 11.7% from 2021 to 2028.

To learn more about the study, visit: https://www.databridgemarketresearch.com/reports/global-smart-manufacturing-market

Likewise, there are various use cases such as automated guided vehicles, additive manufacturing, real-time video analytics, and others which can be made possible with the help of 5g technology.

Banking and Financial Services

5G smartphones will function as thin clients with unheard-of processing power. Powerful yet lightweight apps can be used by financial institutions and their partners to provide more remarkable user experiences on mobile devices. The processing-intensive tasks can be handled by these new 5G applications in the cloud, and results are delivered to the device in milliseconds.

The advent of agile methodologies and quicker updates will save maintenance costs since applications may update in the background or logs can be processed and stored in real-time. Providing a better customer experience would help financial institutions increase retention and share of wallet. Additionally, 5G can offer banks several benefits that boost performance or result in cost savings, such as leased lines and ATM networks.

There are numerous places where 5G can benefit institutions much more than outdated networking techniques:

5G leased lines: 5G offers latency and speed similar to fiber, but its implementation time is far shorter. With this advantage, 5G may be positioned as the primary business-grade alternative for enterprise data networks, offering significantly faster provisioning than fiber. To add more redundancy, 5G can also be used as a backup or hybrid network. A company's branch network may eventually rely heavily on 5G, especially if fiber growth is challenging, particularly in rural areas

Mobile edge computing (MEC), network function virtualization (NFV), and software-defined networking (SDN) are some of the crucial technical requirements to integrate 5G and edge infrastructure with cloud-based applications


Healthcare technology investments increased as a result of the COVID-19 pandemic, rising by 19% in 2020 to $9.1 billion. According to some research papers, the epidemic has also contributed to a 39% increase in 5G network infrastructure globally in 2021. These figures illustrate how the key to accelerating digital transformation in the healthcare and medical device industries is a readiness to accept digital solutions combined with quick technology improvements and the number of IoT devices or connected devices.

The healthcare information technology (IT) market has witnessed substantial growth in recent years owing to the increasing number of clinical trials. Adding to this, several market participants are developing efficient healthcare information technology (IT) platforms which will further accelerate the growth of the market. According to the Data Bridge Market Research analysis, the healthcare information technology (IT) market is projected to grow at a compound annual growth rate (CAGR) of 16.8% from 2021 to 2028.

To learn more about the study, visit: https://www.databridgemarketresearch.com/reports/global-healthcare-it-market

Likewise, there are various use cases of 5G in healthcare such as remote patient monitoring, medical sensor and IoT, clinical collaboration and communication, and many others.

Apart from mentioned use cases, 5G is evolving in various industrial sectors such as energy and utilities, public safety, government and military, transportation, media and entertainment, automotive, retail, articulation, and education, among many others.


The rapid advancement of technologies such as 5G connectivity has an impact on people's lives by facilitating easier access to information, faster communication, and interaction, all of which enhance the quality of life. Newer generations of mobility networks have been continuously propelled by more services and higher throughputs.

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