The Fourth Industrial Revolution is going to be bigger than the stock market boom of the 1990s.
5G: Mega Trend Leading America 2.0 — 4th Industrial Revolution
5G is the fifth generation wireless network. It will become the new global standard for mobile devices — following after 1G, 2G, 3G and 4G networks.
As a result, 5G will take as Infrastructure 2.0 takes hold, allowing for unprecedented levels of wireless interconnectivity.
It will bring faster, better and more reliable services in ways we could not have imagined even a decade ago, when engineers first began building it.
But it will do more than this. In fact, 5G will be a new kind of network designed to connect virtually everyone on the planet with a cellphone, tablet or computer to everyone else — and almost everything with a web link, including machines, products, cars, homes and other devices.
This new high-speed connectivity will expand exponentially as part of America 2.0 in the years ahead.
Paul Mampilly has hailed 5G as one of the most exciting advances to emerge in the digital era.
It has also become a hugely profitable investment for individuals who were early adopters, buying into companies who have embraced and advanced the technology.
What is 5G?
5G is the next evolution of wireless internet connectivity that will bring new innovations and applications that go far beyond previous 1G, 2G, 3G and 4G network capabilities.
It will offer faster speeds and more reliable connections on smart phones and other devices than ever before. Combining cutting-edge network technology and the latest high-speed devices, 5G will bring supercharged mobile and Internet of Things technology.
As 5G transitions to the mainstream over the next couple of years, it will work alongside existing 3G and 4G technology so you can stay online no matter where you are.
5G will build on earlier generations of mobile networks that have evolved over the last 40 years. All have brought innovations and advances of their own, designed to provide more connectivity than was ever available before. For example:
First generation (1G) introduced the first wireless services, using analog technology, in the 1980s.
Second generation (2G) delivered the first digital upgrades and expanded services in the early 1990s.
Third generation (3G) ushered in the first mobile data capabilities in the early 2000s.
Fourth generation (4G LTE) brought us into the era of mobile broadband a decade ago — an evolutionary leap in wireless technology that paved the way for on-demand apps such as Uber, mobile video consumption on Netflix and FaceTime, real-time rerouting via Google Maps and social sharing on Instagram and Snapchat.
These four waves of wireless technology delivered an astonishing variety of new smartphone and computer applications and put the mobile phone at the center of e-commerce, consumer activity media socializing and navigation.
The next generation of wireless, 5G, will certainly expand the power and capabilities of cellphones, but will go much further — tapping the power of Internet of Things in ways that go beyond the smartphone. It is also significantly faster than 4G, has more capacity and will use a standardized platform.
Here’s a brief sampling of the major changes 5G will bring:
- Next-generation manufacturing facilities and factory production lines will be directed with instructions via wireless networks instead of through landline connections and wired systems. This will allow for constant monitoring of equipment for safety, efficiency and the need for repair and replacement of parts.
- Driverless cars will receive massive amounts of information through wireless-activated sensors that monitor road conditions, traffic and other transportation factors in real time.
- Sports broadcasts will allow viewers see the game from any angle they choose, and access a wide variety of statistics on-demand that will appear on the screen during the action.
- Wearable devices will monitor patients’ physical conditions and beam the information to doctors — taking remote health and telemedicine to a new level.
- New connectivity networks will bring next-level “smart home,” “smart business” and “smart city” technologies to every city, town, neighborhood and commercial operation.
- 5G-enabled sensors will tell farmers when crops are ready for harvest and alert grocers when shelved produce is past its prime.
These are just some of the developments in store as 5G networks evolve and as carriers look for growth opportunities outside of the mature cellphone market in developed countries.
In short, 5G will deliver more than all the previous generations of wireless combined, with new tech- and IOT-based applications impacting virtually every major industry — from housing to transportation, health care, banking, media, telecommunications, aviation, automotive and manufacturing.
And the signs of its impact are already being seen, with the early rollout of 5G driving global growth.
Market projections of the “5G economy” found that the full economic effect of the next wave of wireless technology won’t be seen across the globe until 2035. But when it does, it will support a wide range of industries that comprise what Paul Mampilly calls America 2.0 — a Fourth Industrial Revolution.
Economic research estimates 5G will eventually enable up to $13.2 trillion worth of goods and services, create 22.3 million new jobs (systems operators, content creators, app developers and consumer service specialists) and add up to $2.1 trillion in GDP growth.
This impact is massive, far greater than previous wireless-network generations.
That’s partly because the new 5G network is being built to expand beyond the traditional mobile communications to industries such as the automotive industry, health care and other web-based Internet of Things business operations that drive the economy.
And that’s just the beginning, based on expert projections. Many new applications will certainly emerge in the future as 5G rolls out, develops and advances.
Only time will tell what the full 5G effect on the global economy will be.
But one thing is for sure: 5G will be a game-changer for many industries that will emerge as America 2.0 takes off and a new Infrastructure 2.0 network ushers in the Fourth Industrial Revolution.
What’s Driving 5G?
The demand for 5G is being driven by two key factors:
- Manufacturers’ demand for more reliable wireless networks.
- Consumer demand for better, faster and cheaper service and IoT products.
So, let’s take a closer look at these two key drivers of 5G.
Manufacturing demands: For more than 100 years, factories and manufacturing facilities have depended on physical wires for power and communications.
That’s because they are reliable and predictable, critical factors required for machinery and operations to run smoothly.
Spotty wireless connections can cause machinery to malfunction, slow down or misfire. That can lead to costly and even dangerous consequences.
The first four generations of wireless haven’t moved the needle very much on the key issue here: latency. This is the time it takes for a connected device (or cell phone) to make a request from a server and get a response, or the time it takes for connected machines to respond to one another.
But the network upgrades 5G will bring are designed to slash latency, which would make wireless far more reliable, predictable, steady and responsive to his critical manufacturing demand.
For example, the network’s responsiveness would allow new robotic assembly lines and banks of 3D printers to take instructions over the air or receive the latest specifications for a product without delay.
That would allow them to stay operational 24 hours a day. Wireless networks will also allow for greater mobility — so mobile robots and other machines, for instance, won’t need to be tethered to wires for power or operational instructions.
Some wireless engineers have called this the “Holy Grail” of automation, and it will boost the use of new next-level technologies — such as robotics, artificial intelligence, IoT devices and 3D printers — that are already beginning to remake the factory floor across the U.S. and around the world.
All of these 5G enhancements can help boost a factory’s operations, precision, productivity and profitability.
Beyond manufacturing, the high data speeds and superior network reliability of 5G will have a tremendous impact on other types of businesses as well.
The next-gen wireless network will only help boost efficiency of many businesses that take advantage of 5G’s higher speed, lower latency and greater network capacity. But it also allows companies to give their customers faster and more reliable access to more information, services and products.
Consumer demands: It might surprise you to know that 4G wireless is the primary reason there’s been an explosive growth in the use of online media, video, music and entertainment.
In fact, 4G completely changed how we consume information today. Since 4G debuted in 2010, the mobile app industry has grown exponentially — delivering new services such as video streaming, music distribution, ride sharing, food delivery and more. In recent years, the connectivity with cloud computing has only amplified 4G’s impacts.
Ironically, perhaps this trend has only deepened consumer demand for faster, better, cheaper and more reliable wireless networks that deliver more than 4G.
And 5G is poised to answer that demand.
The next wireless network will deliver more information faster to consumers and usher in brand-new cutting-edge consumer experiences — such as boundless extreme virtual reality (XR), seamless IoT capabilities, new enterprise applications, local interactive content and instant cloud access.
New 5G networks are expected to be at least 10 times faster than 4G LTE, according to wireless industry trade group GSMA. But some experts believe that’s a lowball estimate, suggesting that 5G networks will eventually be 100 times faster.
That’s fast enough to download a two-hour movie in seconds, instead of the seven to 10 minutes required with 4G. Actual download speeds will depend on a number of factors, including location, network traffic, a consumer’s particular service plan and connected devices.
In technical terms, the average consumer is currently able to consume 2.3 GB of data per month today via 4G — enough to stream about 400 songs or watch four hours of video. But with 5G, that’ll increase to nearly 11 GB of data per month on their smartphone by 2022.
To connect to and get the benefits of a 5G network, consumers will need to have 5G-enabled devices. Samsung, Motorola, Huawei, LG, OnePlus and several other device makers have already released 5G phones. Apple is reportedly working on a 5G iPhone.
Some companies — including certain manufacturers and the NFL — are also already working with carriers to install personal 5G networks so they can reap the benefits and provide service to their customers without waiting for a nationwide rollout.
Like any other wireless connection, the most important factor in the speed of a 5G cellular connection is the width of the individual channel used to connect a device to a network.
Think of it this way: The wider the channel, the more data that can pass through it quickly. This flow of data is measured in megahertz (MHz), the base unit determining how much information can be delivered through a connection. For 4G LTE networks, the channels range from 1-20 MHz. But with 5G, individual channels can be as wide as 100 MHz, offering five to 100 times the bandwidth of a 4G connection.
Here’s another analogy: If 3G is the network equivalent of a two-lane highway, 4G is six lanes and 5G will be 12 lanes. So, 5G will handle significantly more data traffic and bandwidth with zero latency. That’s what will allow for self-driving cars and the health care industry to launch the next generation of telemedicine and robotic surgeries.
But faster speed is only one factor that distinguishes 5G from current wireless networks. In addition, 5G will provide much more network capacity by expanding into a new high-end spectrum, called mmWave.
What’s more, 5G can will deliver much lower latency for a more immediate response and provide a more uniform user experience so that the data rates stay consistently high — even when users are moving around.
For all these reasons, 5G will have a huge impact on consumers in the way we work, play, travel, socialize and use media and entertainment. It will also lead to a massive variety of new services and products that could barely be imagined just a decade ago, when 4G LTE wireless made its debut.
Here’s just a sampling of what 5G will bring.
What Are Some Examples of 5G-related Services and Products?
5G cars will hit the road. Vehicles equipped with 5G modems will roll off of factory floors in the coming years. This will allow for driverless vehicles — now being tested in pilot projects across the U.S. — to tap into real-time information about traffic and hazards as they move, and then react to them.
On the road, 5G networks will process thousands of simultaneous data bits live — allowing sensors in cars and on streets to provide uninterrupted streams of precise data. The first uses of 5G for transportation are likely to be designated areas — like neighborhoods or college campuses — where 5G zones could be a good place for public transit riders.
New angles you can access on sports. During the 2018 Winter Olympics in Pyeongchang, South Korea’s KT Corp. debuted a version of its 5G technology that allowed visitors to choose the angle from which they viewed sporting event. That included allowing spectators to see a competition from the perspective of athletes. In a similar experiment, Intel Corp. attached sensors to hockey players and pucks at the 2019 National Hockey League All-Star Game.
Both pilot programs offered a glimpse of what some professional sports leagues are planning to do in offering new consumer content using 5G connectivity. The technology under development relies on a spate of new cameras and sensors installed throughout sports arenas, allowing fans choose any angle they like — including seeing things virtually through the eyes of, say, LeBron James, Tom Brady or any other player they like.
In addition, 5G will enable new technology that offers spectators to tap more information about the action — from sports statistics to player profiles to win-loss records going back decades. For instance, the Intel Corp. experiment at the 2019 National Hockey League All-Star Game allowed viewers to pull up statistics on their phones, but also see how fast shots went into the goal and how fast skaters moved down the ice.
Games and movies that put YOU in the action. Films and video games will get significant upgrades with 5G, with more immersive experiences that make viewers or players feel more like they’re part of the action. Hollywood studios and video game companies are already working on new ventures that will make virtual reality experiences a reality in many homes and theaters across the country.
Video game industry leader Kaltura is testing new formats for 5G VR games. And a virtual reality version of the 2016 Twentieth Century Fox’s film The Martian allowed viewers to “walk” through a Mars-like environment like the protagonist, played by Matt Damon. Studios are also working on augmented and “mixed-reality” experiences — created by overlaying computer-generated graphics over real-world images — that 5G will help facilitate.
VR engineers are also working on a new type of interactive mixed-reality media — yet to be named — in which a user moves through a virtual story using a mobile phone or wearable headpiece in a theme park or designated space. While walking, the player follows prompts and “sees” superimposed figures that move around and interact with them.
Doctor house calls return with a twist. 5G will bring back the idea of doctor house calls with a new high-tech upgrade that Marcus Welby, M.D. could never have imagined. The expanded capabilities of 5G will improve doctor-patient relationships, allowing for greater interactions with their patients through new telemedicine upgrades. High-quality videoconferencing and virtual reality will improve current teleconferencing technologies that are becoming increasingly common.
Existing telemedicine video platforms — through Skype, Zoom, Facebook’s FaceTime and proprietary health networks — allow doctors to use video to consult with patients. But upgraded 5G networks will bring huge leaps forward, even letting a doctor operate on a patient in another country with remote-controlled surgical machines.
In fact, a Chinese surgeon recently demonstrated how this will be possible, conducting a liver transplant on an animal from a location 30 miles away by controlling a robotic arm running on 5G.
5G will also boost precision medicine — a new wave of more personalized care that is beginning to replace our one-size-fits-all health care system with approaches that are tailor-made to individual patient’s needs.
For example, a therapist remotely treating a child with autism could use a VR headset to see the child’s facial and body cues more clearly than is possible on today’s video calls via mobile phones. New sensors and wearable devices — even toothbrushes — connected to 5G networks that generate data could also help flag problems or adjust medications without in-person visits. And patients will be able to wear sensors that continually monitor their overall health, stress levels, blood sugar and other vital signs, with that data flowing to their physician.
Taking a 5G bite out of crime. Cameras and sensors already blanket many areas of the country. But cameras and sensors with 5G enhancements will allow police departments to scan public places more quickly for suspects in their databases, using artificial intelligence to make matches.
How Does 5G Work?
With 5G, signals are transmitted through new radio frequencies, meaning radios and other cell tower equipment will require upgrades. Remember when the Federal Communications Commission (FCC) mandated that all U.S. based television signals convert from analog to digital transmissions in 2009? We can expect a similar, but smoother, transition to 5G in the years ahead.
And the foundations are already being laid in many parts of the country, in yet another example of what Paul Mampilly calls Infrastructure 2.0.
Mobile carriers are pouring billions of dollars into superfast 5G, building new networks and associated technologies. That requires installing massive numbers of small cell sites — the size of pizza boxes and shoe boxes — to light poles, walls and towers.
Unlike LTE, 5G operates on three different spectrum bands: low-band (wide coverage area, but only about 20% faster than 4G), high-band (superfast speeds, but signals don’t travel well and don’t move through hard surfaces) and mid-band (balanced speed and coverage).
Do You Need a New Phone to Access 5G?
Yes. If you want to be able to use 5G, you will need to get a new smart phone that supports the network.
Several new mobile phones — including Samsung, Motorola and HTC brands — are available that are designed to support 5G, and multiple carriers across the world support the 5G wireless network.
The main four carriers in the U.S. now offer limited 5G service:
- Verizon launched its 5G Home network in 2018, followed by its 5G mobile network in 2019, making it the first globally to offer the next-generation network. To date, Verizon 5G is live in parts of 31 cities, starting with Chicago and reaching Los Angeles, New York City, Atlanta and Dallas, and filtering to smaller cities like Memphis, Columbus and Grand Rapids.
- T-Mobilewent live with 5G in New York City, Los Angeles, Dallas and Las Vegas in June 2019 and expanded coverage across 1 million square miles of the U.S. area to reach 60% of Americans, the company reported.
- Sprint went live with a mid-band 5G service in 2019 in Chicago, Atlanta, Dallas-Fort Worth, Kansas City, New York City, Washington D.C., Phoenix, Houston and Los Angeles. More cities are expected to follow.
- AT&Thas made limited investment in 5G, launching some service in late 2018 and expanding it to Austin, Los Angeles, San Francisco and Orlando in 2019.
As 5G rolls out and moves into the mainstream, more smartphones and carrier subscriptions will become available. But, as with previous generations of mobile networks, it will take time for 5G to become available to everyone. In the meantime, 4G LTE will likely continue to be the service of choice outside 5G coverage areas.
Are There Different Types of 5G?
5G is used across three main types of connected services, including enhanced mobile broadband, mission-critical communications and the massive IoT.
Enhanced mobile broadband: In addition to making smart phones better, this will allow 5G mobile technology to usher in new immersive experiences — such as VR and AR — with faster, more uniform data rates, lower latency and lower cost-per-bit.
Mission-critical communications: 5G can enable new services that can transform industries with reliable, low-latency links like remote control of critical infrastructure, vehicles and medical procedures.
Massive IoT: 5G is designed to seamlessly connect a massive number of embedded sensors in virtually everything, with the ability to scale down in data rates, power and mobility — providing extremely lean and low-cost connectivity solutions.
Here are some other characteristics unique to 5G:
- It is significantly faster than 4G, delivering up to 20 gigabits-per-second (Gbps) peak data rates and 100-pluse megabits-per-second (Mbps) average data rates.
- It has more capacity than 4G, and is designed to support a 100-fold increase in traffic capacity and network efficiency.
- It has significantly lower latency to deliver more instantaneous, real-time access — a 10-fold improvement over 4G.
- It is a unified platform that is more capable than 4G. While 4G LTE focused on delivering much faster mobile broadband services than 3G, 5G is designed to be a unified, more capable platform that elevates mobile broadband experiences, as well as new services such as mission-critical communications and the massive IoT.
- It can handle all spectrum types (licensed, shared, unlicensed) and bands (low, mid, high), a wide range of deployment models (from traditional macrocells to hotspots) and new ways to interconnect (such as device-to-device and multi-hop mesh).
- Its design has a built-in capability to flexibly support future services that are unknown today.
Which companies are at the center of 5G and why?
A wide range of companies — too numerous to list here — are pouring billions into 5G applications. Among them:
- Leading mobile phone and cell phone makers.
- Service carriers.
- Technology firms.
- Health care providers.
- IoT businesses.
- Semiconductor and chip manufacturers.
- Media giants and networks.
- The automotive industry.
- Construction firms.
- Agricultural enterprises.
- Computer companies.
- Retail chains.
· And companies of all types and sizes that hope to capitalize on the reach and scope of 5G as the wave of the future in communications and information.
What Are the Global Market Projections for 5G Technology?
A new study conducted by ABI Research projects 5G will generate $17 trillion in economic growth by.
The new study highlighted increased revenue opportunities through 2028 in three separate areas as a result of 5G:
- $2.4 trillion in direct contributions, mostly driven by end-user subscriptions for connectivity services. This compares with $1.1 trillion with 4G.
- $866 billion in indirect contributions, including increases in the supply chain from devices, infrastructure, applications, advertising and other products or services. This compares with $500 billion in 2018 on 4G.
- $3.2 trillion in productivity gains, such as better workforce efficiency due to the availability of connectivity throughout cities.
The survey noted 5G projects are already rolling out across the globe, laying the groundwork for the coming 5G network.
Global operators started launching new 5G networks in 2019 which are expected to be available nationwide in many countries by 2020. At this time, 5G has been deployed in 20-plus countries and counting.
As of January 2020, 5G was available in these countries:
- New Zealand.
- San Marino.
- South Africa.
- South Korea.
- United Kingdom.
- United States.
What all this adds up to is a financial revolution that will transform the nation’s and the world’s monetary systems in ways that rival the first uses of coinage and paper currency hundreds of years ago.
Financial technology will help usher in what Paul Mampilly calls America 2.0 — along with a handful of other tech-based innovations that will remake the U.S. economy and have ripple effects around the globe.
To understand how these groundbreaking mega trends will help usher in a new age — in money, technology, entertainment, health care and other fields — and make early investors rich in the process, click here.
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The Fourth Industrial Revolution is going to be bigger than the stock market boom of the 1990s.
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