Globally, 5G networks are expected to connect an amazing 7 trillion devices by 2020 with the arrival or expansion of IoT (Internet of Things). China is investing $600 Million, Europe $950 Million and South Korea an amazing $1.5 Billion in its next generation networks over the next 6-7 years. 5G networks are expected to be 1000x faster than current technologies. South Korea will likely be leading the way in 5G networks, which will power the way for ultra-HD and hologram transmission as well as new high-speed social networking services. Korea is likely the most wired country in the world, South Korea has led in mobile adoption since the 1990s:
“We helped fuel national growth with 2G services in the 1990s, 3G in the 2000s and 4G around 2010,” the country’s science ministry said in a statement Wednesday. “Now it is time to take preemptive action to develop 5G.”
The increasing number of smartphones and tablets used in the United States is already beginning to tax existing communications networks. Add an emerging wearable tech trend and connected appliances like smart thermostats, refrigerators and smoke detectors, and experts expect the U.S. will need a serious upgrade by 2020 as well [source CNN].