All consumers are anxiously awaiting the speedier and more efficient upgrade from the current 4G. 5G is expected to come to the United States by late 2018/early 2019, according to Chinese smartphone producer ZTE. Other companies have also said that 5G testing is underway for 2018 so it is a race to see which one will make it to the finish line first.
Overseas, Nokia announced a partnership with NTT (News - Alert) DoCoMO, a Japanese telecom firm to bring 5G to the firms Wi-Fi radio stations. The goal is to achieve 5G by the 2020 Olympics, to be held in Tokyo from July 24-August 9, 2020.
“Collectively we’ve labored arduous in latest months to begin preparations for NTT DOCOMO’s eventual launch of its operational 5G service by 2020, which we’ve now set in movement by this very thrilling announcement right now,” stated Nokia’s (News - Alert) Marc Rouanne.
Both Nokia and DoCoMo have had a long-term working relationship, with Nokia being the latter’s primary 3G and 4G supplier. The two started gathering 5G ideas in 2014 looking at the consumer benefits, one on the table is the possibility of self-driving vehicles.
5G will also generate an enormous amount of revenue while creating jobs to make this functionality a reality. By 2020, the 5G infrastructure market will be roughly worth $2.86 billion. The market is anticipated to reach $33.72 billion by 2026 with a CAGR of 50.9 percent within the 2020-2026 timeframe.
The terms and financials of the Nokia/DoCoMo agreement have yet to be disclosed but we can see 5G just in the horizon.
Edited by Maurice Nagle