5G Will Be A Game Changer, Generating Trillions By 2035

Megalith

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Qualcomm (surprise) has authored an in-depth website outlining the potential impact of 5G technology, which is expected to be, well, huge. EETime’s analysis of the report reiterates the expectation for $3.5 trillion in revenue and 22 million jobs, while also noting that the improved data rates of 10 Gbits/second will bring about a surge in IoT devices and better-performing wireless services. In a related story, the chief executive of Turkey's leading telecoms player actually called 5G “the fourth industrial revolution.”

5G cellular could have a bigger economic impact than expected, according to an IHS study sponsored by Qualcomm. The report comes at a time when carriers are racing to test 5G prototype products and standards are still in development. 5G could enable as much as $12.3 trillion in goods and services in 2035 when its full effects are realized, the 5G Economy report said. By that time, companies developing 5G products and services could generate $3.5 trillion in revenue and 22 million jobs. The so-called 5G value chain will spend as much as $200 billion a year building 5G products and services, it estimated. In a separate poll also sponsored by Qualcomm, more than 90% of 3,500 business people surveyed agreed that 5G will enable new products, services and use cases that have not been invented yet.
 

IdiotInCharge

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This sounds like a lot of hyperbole, but I believe it, on one condition:

We get mobile security right.
 

Corvette

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Yes, a game changer that will create millions of jobs assuming those job creators have access to the resource. It will create hundreds of jobs if big corps divide it amongst themselves and squander the resource.

If you think removing net neutrality will create opportunities you are ignoring the tiny little startups that need equal exposure and focusing on big business and trying to let a company like Comcast squeeze every easy penny out of this they can.
 

Burticus

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Oh great. Which flavor will I have to choose from? 5G? 5G-LTE? 5G WiMax? 5G-Edge? Every carrier will probably have their own version.

That being said... I welcome our new 5G overlords. Please let it work inside my office building.
 

tec1500

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If they switch to 5G, will the coverage decrease? The tower we use is about 18 miles away so I hope it wouldn't decrease when/if they switch to 5G.
 

Gigus Fire

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I don't want IoT devices. There really isn't a point to it all. 5G and this marketing hyperbole is just that.
 

Bandalo

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Is the current bottleneck on the RF side? Or the network side attached to the cell tower? I'm guessing the latter, and so 5G won't fix a damn thing.
 

viscountalpha

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5g? I'm willing to bet it's still very spotty. i'm happy sometimes when i get 3g or 4g outside of a major metropolitan area.
 

IdiotInCharge

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I'm going to throw it out there: I expect data caps to relax quite a bit.

Also, one aspect of stepping away from a hard tack on net neutrality, we can expect providers to start ignoring more bandwidth that comes from services they have agreements with. Given the bandwidth potential of 5G, seeing plans that ignore bandwidth utilization from streaming say Netflix or YouTube, for example.
 

Teenyman45

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Regardless of how fast the peak speed of "5"G will be, expect U.S. telecoms to exercise their cartel control and throttle speeds as well as charging a ridiculous per gig or even per meg price for data.

I'm going to throw it out there: I expect data caps to relax quite a bit.

Also, one aspect of stepping away from a hard tack on net neutrality, we can expect providers to start ignoring more bandwidth that comes from services they have agreements with. Given the bandwidth potential of 5G, seeing plans that ignore bandwidth utilization from streaming say Netflix or YouTube, for example.

Even though Wheeler eventually came out marginally in favor of net neutrality and better consumer data policies, (I actually expected him to go full Comcast), what you just put forth is more-or-less and end towards an open internet. No more access Hardforum on your phone or tethered device without paying a big fee.

Remember about two years ago when Comcast was blackmailing Netflix over the data usage of Comcast's subscribers?

As a further edit, I remember when the mis-named 4G was new and AT&T was running a radio that advertised speeds of 10Mbp/s down, but had a 2 gig monthly data cap. Wouldn't take long to max out data at that rate and it likely won't be any different now.
 
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Team Merica

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I'm going to throw it out there: I expect data caps to relax quite a bit.

Also, one aspect of stepping away from a hard tack on net neutrality, we can expect providers to start ignoring more bandwidth that comes from services they have agreements with. Given the bandwidth potential of 5G, seeing plans that ignore bandwidth utilization from streaming say Netflix or YouTube, for example.
You mean those services' lame alternatives owned by the ISPs. Original sites like YouTube and Netflix will always be throttled without net neutrality protected peering.
 

r00k

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What i'm failing to see is how 5G will usher in a big proliferation of the Internet of Things. Why do toasters, smart thermostats, wifi enabled light bulbs etc. need all that bandwidth? Cars on the road? I feel ign'ant...
 

JakCrow

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The providers can't even give customers the full speeds of 4G. People should be excited for 5G why? So customers can pay more and hit their bandwidth caps faster than ever?
 

Tawnos

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LTE is supposed to get a max download of 300Mbps, and 4G was defined as being 100Mbps for high velocity (car/train) and 1Gbps for low velocity travel. Yet I find myself pleasantly surprised when I get above the 8-12Mbps range.
 

Dead Parrot

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Remember hearing pretty much the same arguments when we switched from analog cell to digital, then to 2G, 3G, 4G and now 5G. I predict that someone will make the same proclamations about 6G.
 

Uncle

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When I saw 5g I also saw $500 a month with caps. I have decided to go back to a regulated land line and put up with the ridicule of my neighbors calling me a prehistoric throw back.
 
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<cue announcer's deep voiceover> "In a world... where everything becomes intertwined with high speed data connectivity sharing every last tidbit of information that can possibly be gleaned there will be one absolute and major downfall: the actual human connections that matter more than anything else." -- Me, in this post, on this date at this time
 

rudy

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Maybe 5G will actually give us the speeds we were promised on 4g, wouldn't that be nice.
 
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I am likely the only one here that could give 2 shits about 5G. I usually only use 100-200MB of data a month so speed above 3G is pointless for me. Screens under 9 inches are just too small for me to use anything on it that would require large amounts of data.
 

rat

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I'm going to throw it out there: I expect data caps to relax quite a bit.

Why would they relax data caps? It's profitable to keep people using as much data so they don't expose how underbuilt their infrastructure is... and to charge people for overages on quotas that are well below what anyone is expected to be able to use in a month.
 

DocSavage

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EETime’s analysis of the report reiterates the expectation for $3.5 trillion in revenue and 22 million jobs
Where is this money coming from? Don't we all have cell phone plans with data at this point? Is this an indicator that they're going to raise rates, or maybe quota overages can be this much bigger?

edit: Ok, I actually downloaded the report and it's funny. Whoever wrote it earned their money.
 
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Jagger100

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What i'm failing to see is how 5G will usher in a big proliferation of the Internet of Things. Why do toasters, smart thermostats, wifi enabled light bulbs etc. need all that bandwidth? Cars on the road? I feel ign'ant...
Internet of Spying on you a monetizing the data. Problem is at some point someone is going to realize having your thermostat squeal on you when your home doesn't add anything to your light bulb squealing on you and there will be a huge collapse in the monetized personal data market because I'll have 10 different entities selling essentially the same data.
 

Uncle

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Internet of Spying on you a monetizing the data. Problem is at some point someone is going to realize having your thermostat squeal on you when your home doesn't add anything to your light bulb squealing on you and there will be a huge collapse in the monetized personal data market because I'll have 10 different entities selling essentially the same data.
Yes but it will be the "New and Improved" data, as the marketers love to say when they run out real changes in a product.
 

serpretetsky

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What i'm failing to see is how 5G will usher in a big proliferation of the Internet of Things. Why do toasters, smart thermostats, wifi enabled light bulbs etc. need all that bandwidth? Cars on the road? I feel ign'ant...
Maybe they foresee a lot more camera devices that need to stream video. Maybe there are some other limitations not related to bitrate with current 4g/3g that make it hard to add a large amount of IOT devices.
"Besides driving wireless broadband to data rates of 10 Gbits/second, 5G aims to expand support for large IoT deployments and provide low latency response for new kinds of wireless services. IHS studied 21 use cases for 5G spanning the three major application areas."
 

Team Merica

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Maybe they foresee a lot more camera devices that need to stream video. Maybe there are some other limitations not related to bitrate with current 4g/3g that make it hard to add a large amount of IOT devices.
"Besides driving wireless broadband to data rates of 10 Gbits/second, 5G aims to expand support for large IoT deployments and provide low latency response for new kinds of wireless services. IHS studied 21 use cases for 5G spanning the three major application areas."
So the question becomes: do you disable the Wi-Fi or LTE in your refrigerator? If you do, you can't use the webcam from your office to check if you're low on mayo because you've become too lazy to check it yourself. Or, if you have the really high end model, it tweets at you when it automatically detects something is low, and it can auto-post to facebook that you just bought a massive 20 pound genetically modified turkey for thanksgiving.

This is their idea of why we need these things.

It will be impossible for your toaster to tweet when the toast is done if we don't expand these networks.
 

DocSavage

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So the question becomes: do you disable the Wi-Fi or LTE in your refrigerator? If you do, you can't use the webcam from your office to check if you're low on mayo because you've become too lazy to check it yourself. Or, if you have the really high end model, it tweets at you when it automatically detects something is low, and it can auto-post to facebook that you just bought a massive 20 pound genetically modified turkey for thanksgiving.

This is their idea of why we need these things.

It will be impossible for your toaster to tweet when the toast is done if we don't expand these networks.
As sad as all that sounds, we can already do this with just wifi and landline connections. 5G doesn't seem necessary whatsoever for these features. Maybe it'd be useful for a high-def vr view of the inside of your fridge.
 

Uncle

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As sad as all that sounds, we can already do this with just wifi and landline connections. 5G doesn't seem necessary whatsoever for these features. Maybe it'd be useful for a high-def vr view of the inside of your fridge.
How else are they going to charge you more for less. You will pay more because it has 5g stamped on it and don't forget it will be backward compatible to your speed of 3g.
 

Konig-Wolf

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Like everyone else is saying...doesn't matter how fast 5G is, as long as we have fracking stupid data caps.
 

raz-0

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This sounds like a lot of hyperbole, but I believe it, on one condition:

We get mobile security right.

Nah, it's just a load of hyperbole.

So lets say you get a shit ton of 5g... stuff... out there on the market. It's going to be replacing largely existent wireless technology where growth is already sagging. It will help sustain those jobs and revenue streams, but not much in the way of new jobs and revenue streams. You install 4g infrastructure, now you install 5 g. Same job, same pay, slightly different execution.

But the IoTzzzzz mang!

Yeah the shit that already has your hairbrush waiting to participate in the next record setting DDoS attack. Got it. We never had hair brushes. Oh you mean a $200 one will displace a $10 one? No? You might see cheaper ones displace pricier traditional ones, but you aren't going to sell a bajillion new brushes. Or anything else. You'll replace existing goods with slightly different versions. People won't be paying $9 a month subscriptions so your fridge and tell you what is missing when you text it from the super market in massive numbers. Especially since it'll be busy DDoSing something, or prioritizing collecting data on you to be sold behind your back over providing the service. Never mind the $10 a month access fee for the device to burn through your data caps on your cell plan.
 
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