As most markets are switching to 5G technology, the new generation of mobile connectivity unveils its potential to drive economic growth and fully realize the Internet of Things (IoT) promises, making Smart Cities and the Fourth Industrial Revolution come true.
Released a few days ago, latest Ericsson Mobility Report states some burgeoning predictions about 5G: more than 10 million 5G subscriptions are projected worldwide by the end of 2019, and about 1.9 billion 5G subscriptions for enhanced mobile broadband are forecasted by the end of 2024, accounting for over 20% of all mobile subscriptions at that time. The peak of LTE subscriptions should be in 2022. In 2024, 5G technology will cover up to 65% of world population, and 5G networks will carry 35% of global mobile data traffic.
The increased power of 5G will enable more performing and efficient urban networks, granting greater connectivity and more intelligence to Smart Cities. The transmission of data will be smoother, allowing not only real-time analytics for City managers, utilities or businesses, but the tangible opportunity to improve existing services and design innovative ones.
From urban mobility to healthcare, from tourism to education, the potential 5G technology offers to Smart Cities is truly tremendous.