Impacts on IT/Telecom Industry
5G will impact the the IT/Telecom industry by inspiring new growth, accelerating innovation of technology, and generating new revenue from a broad range of industries within the IT industry. 5G will inspire new growth based on network operators, component suppliers, infrastructure providers, and developers by a grow output of 3.5 trillion estimates in 2035 (“5G Wireless Technology.”). 5G can accelerate innovation by enabling new products and services to lead to smarter homes and cities. 5G will generate new revenue by enhancing indoor broadband coverage, AR, VR, tracking of packages, and autonomous vehicles.
A potential problem that 5G could face when rolling out is the number of physical equipment that would be needed to be installed. The number of antennas that wireless companies in the U.S. may need is equal to the total amount of cell towers built in the past three decades (“5G Service Is Coming.”) Additionally, the public have concerns with health effects from radiation and that property value could plummet.
