Mobile networks are in the middle of a vast transition, one that is more groundbreaking than any other periods of transition in the past 15 years: 5G is expected to bring a much bigger impact to the global economy than 3G and 4G.
When operators upgraded to 4G LTE, the migration from a circuit-switched to a fully packet-switched network brought substantial network capacity, data rate, and latency improvements. Mobile service providers transitioned from a voice-centric to a data-driven business model, which not only ushered in the era of the mobile Internet, but is now also creating new business opportunities in adjacent markets, including the Internet of Things (IoT), automotive, and many more. These new growth areas are fueled by the continued LTE evolution that unlocks new network and device functionalities, and they will be an integral part of 5G, where the mobile service provider becomes a service enabler, rather than a pipe to the Internet.
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