Originally published December 20, 2017
Describing the 5G vision to be more prolific than initially realised, Lindsay Notwell, VP 5G Strategy at Cradlepoint, clarifies why both network and technology companies are excited to get a slice of the 5G pie:
There is certainly huge hype around 5G. Billed by Qualcomm as a next generation network with the potential to be as transformative as electricity itself, both network operators and technology companies are excited to get a slice of the 5G pie.
It is the vision for this new 5G world – a combination of various technologies that will create the next generation wide area network (WAN) needed to support the world’s growing connectivity needs. The GSMA, which tracks the number of mobile devices worldwide, estimates that there are more than 5 billion mobile devices being used by people around the world. This represents 93% compound annual growth rate (CAGR) since mobile phones were introduced in the early 1980s. By the end of 2017, Gartner predicts the number of connected ‘things’ globally will reach 8.4 billion, projecting 21 billion by the year 2020.