5G technology is being rolled out around the United States market by market, carrier by carrier. Smart Cities understand that becoming a Connected City is a fundamental pillar required to transform how they operate.
ABI Research measured the US economy and determined that 4G had $4.96 trillion of value in 2018. It began to deploy in 2007. 5G has exponentially more capacity and capability. It will begin to significantly roll out in 2020 and begin to have an impact in 2021. Developing the required infrastructure is a multi-year effort that will require multiple stakeholders.
Economic Development-4G 2018(ABI Research)
5G productivity gains are projected to be even larger but not significant until 2024 or 2025.
5 Generations of Wireless Technology
The benefits of Dense 5G Networks are:
Lower Latency, Higher Capacity, Better Coverage, Lower Cost Per Meg of Bandwidth