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With an expected speed of up to 2.5 GB/s and latency range between 1-4 milliseconds, 5G networks will cover 40% of the World by 2024, handling 25% of all mobile data traffic. 5G mobile data was made available for the first time in 2019, but it was expensive and limited to a few major cities and selected areas. 2020 will see 5G becoming more affordable with improved coverage, making it accessible to everyone.
The availability of super-fast and stable internet access anywhere hint at strong business implications for companies. The increased bandwidth will enable smart devices, robots, autonomous vehicles and other devices in the connected ecosystem to collect and transfer more data than ever and at a faster rate leading to further advances in Internet of Things (IoT).