The fourth-generation of the mobile telecommunication has already taken over our lives providing us with a faster access to all the online services even on the move. 4G LTE may be the standard in the market currently but the companies around the globe are gearing up to make 5G a reality. Field trials of the fifth-generation technology have already begun and the reports suggest an insane network speed of 2Gbps.

Telecom industry has its generation updated almost every ten years and the last cycle is about to end in the coming years. 5G won’t be just about higher data speeds but will have a much wider scope than any of its predecessors. Internet of Things is slowly widening its base with more and more categories of devices getting on board.

Current network technologies aren’t enough to cater the requirements of platforms like IoT and others that would see the light of day in the years to follow. Mass availability of IoT-enabled devices and 5G will probably coincide, allowing the users enjoy the best of both worlds.

As per a recent report, the China’s first base station officially opened yesterday in Guangzhou University City. The test will be expanded further in the area by providing 5G connectivity in the University City stadium, library, cafeteria, laboratory building, and other places by installing more base stations.

The report adds that the test resulted in a speed of 2Gbps, or about 250MB/s. This will allow you to download a high-definition movie within seconds. The current 4G LTE standard offer 100Mbps of maximum speed with some areas topping to 150Mbps with advanced technology. The 5G speed jump would be a huge leap for the telecom industry.

The international standards for 5G communication technology haven’t been finalised yet. But this hasn’t stopped the telecom operators and equipment manufacturer from deploying the tech and testing by their own standards.

Another report mentions that the 5G technology will generate a revenue of USD 1.3 trillion globally by 2025 and will also contribute to creating 20 million jobs. The related industries like chips, equipment, materials, and software manufacturing will bring in an additional sum of USD 6.5 trillion.

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