Originally written by Gavin Davis on Small Business
This year will be the one long-awaited 5G technology starts to take off. Many expect this to be a game-changer and, according to Ericsson, by 2024 there will be over 1.5 billion of us connected to 5G.
However, 5G technology offers more than mobile calling or faster internet browsing. Increased productivity and the emergence of new industries are additional potential benefits.
According to a study from Qualcomm, by 2035 5G technology could underpin up to £9.3 trillion worth of goods and services in industries such as retail, healthcare, education, transportation, entertainment and more.
‘82% of business leaders, analysts and tech enthusiasts think 5G will drive small business growth, with SMEs becoming more competitive’
As reported by a PSB Research study which surveyed over 3,500 people, 91pc of business decision leaders, analysts and technology enthusiasts expect new products and services to be invented as a result of 5G.
Additionally, 82pc forecast small business growth and SMEs to become more globally competitive.
What exactly is 5G?
The “G” in 5G stands for “generation”. Now the world is hyperconnected, 5G takes things to a new level. It will dramatically increase the speed at which data is transferred across the network and will greatly

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