The global smart TV market is worth hundreds of billions of dollars and is expected to double by 2025. According to Zion Market Research, it is growing at a compound annual growth rate of 9.2%. So, let us talk about 5G today.
5G (The 5th generation of cellular technology) is just not about faster network speed. Smartphones, computers, tablets, and TVs are the things most people know how 5G can offer faster connectivity. But that’s a small portion of what 5G offers. It’s about offering us a smart life.
Here are the few areas 5G can offer us a smart life:
1. Industries such as mobile gaming and cloud entertainment, such as sports viewing or subscription video services.
2. Enterprise networking, storage devices and bandwidth for faster speed and lower latency.
3. Quality medical treatment- using 5G networks to connect surgeons to operate remotely or at least provided instructions in real time over a 5G-linked remote consultation system.
4. Real time monitoring of airport traffic, or even when the recycling bins is full and it will automatically connect to the agency for pick up.
5. When combining 5G with AI, robotics and big data, businesses will be able use this technology to improve client experience and efficiency.
So which 5G Company is leading the race?
The company who shows focus on improvement of security risk will be the key. The concern of intruders attacking networks and risk management to prevent breaching systems is a real problem to address. How global governance address their cybersecurity polices and security standards are also going to determine which company will lead the race.
Kimmy Wan has more than 20 years of experience in the financial services industry.
Kimmy graduated from California State University, Sacramento in 1998 with a B.S. in Finance and Economics and then obtained her M.B.A. in Finance from the University of Phoenix. She has been a Vice President-Sr. Financial Consultant, Manager of Asia Pacific Relationship Management and a Mutual Fund Operation Analyst for financial corporations. Kimmy is an expert wealth advisor in helping those who are retired as well as those planning for retirement.
Kimmy Wan has more than 20 years of experience in the financial services industry.
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