How 5G will benefit various Industries

5G wireless networks will be unleashing a massive amount of revenue opportunity — approximately $12.3 Trillion globally — across a wide spectrum of industries, according to IHS Economics. An amount that is equal to consumer spending of all of the USA in 2016.

5G is expected to create around millions of jobs universally, giving ultimate boost to Mobile Application Development Company in USA and across the globe being identified as the core career groupings that stand to benefit, in addition to the content and infrastructure providers.

While there is not even a single industry that is going to go untouched from the advantages that the higher than ever seen before internet speed is going to bring, there are some industries that will show the first sign of adoption and innovation. Industries that will in many ways become the torch bearer of 5G Power adoption in the mobile domain.

Let us look at some of those industries that are going to be the fastest recipients of the 5G benefits in the mobile domain.

1.) Internet of Things (IoT)

The faster than real-time communication speed and long battery life — the two benefits of 5G wireless networks are perfect condition for Internet of Things growth

According to a recent survey by Gartner held between several representatives of different economic sectors, it was found that over 57% respondents considered IoT the most promising 5G mobile apps niche.

5G will allow the developers of mobile application development services to work in those IoT areas which make it crucial to keep a difference between 4 milliseconds and 40 milliseconds.

2.) Smart Cities

With 5G finally here, creation of smart homes and heck, Smart Cities a reality now. A reality that is equipped with millions of sensors working in real time.

Smart Cities are undoubtedly a unique platform for businesses as they will now be able to connect multiple devices with a single mobile app.

The perks will most be enjoyed by someone who own multiple businesses as Smart City will help them offer every single sphere of their service offerings to the user of tens of connected devices in one stroke.

Even if you keep the profit and business side away, imagine what 5G powered Smart Cities would do to city’s safety quotient.

3.) AR/VR

The time when AR/VR used to be an upcoming trend will now finally stop. Now, users will see the advent of Augmented Reality and Virtual Reality in almost all phases of life around them.

From attending a live event in LA while being at home in Canada to seeing the history of every room and turn of the monument, AR/VR will now finally go mainstream with 5G.

While the examples that we gave above are more inclined towards entertainment, there are a number of other industries — Healthcare, Education, Army, etc. that will witness the benefit that the platform where Reality and Virtual surrounding is same.

4.) Logistics and Production

Use of 5G mobile apps will help in improving remote control of the machine in complex industries. Stability of the automation system will grow and alongside an enhancement of the product quality.

Three dimensional printing along with 5G and robotics even allows designing of smart plants. Remote controlled machines significantly reduce risk factors for people who are working at difficult production facility.

5.) Healthcare

All the various healthcare obstacles will cease to exist once 5G comes into the picture. Challenges like remote patient monitoring and doctors not being able to attend to patients on time are ones that would not exist once 5G meets healthcare applications.

Along with this, wearable devices connected with medical apps will be able to keep better details of the patient’s records and then give reports in real-time as well.

So here were the industries that are going to get affected with 5G onset. But, is the soon to be true future really that perfect?

Well, no.

Like at the beginning of every technology, implementation of 5G also comes with its share of challenges.

Let us look at what they are –

Challenges Associated with Implementation of 5G in Mobile Apps:

1. Security Issues

With greater speed will come greater increase in the number of connected devices and networks — something that will create loopholes in terms of security?

2. Establishment of 5G Based Business Model

The network speed which 5G is anticipated to be launched with, will demand business models that make the most of its potential, something that the mobile app strategists will have to give a lot of thought to.

3. Multiple App Versions

With 5G coming into practice, the app audience will be get divided to poles apart. There’ll be those who have devices fit for 5G and then those who are still working on 2G or LTE version devices.

Want to find solution to these challenges? We have them. Get in touch with us through info@panaceatek.com to know how to prepare your app to be a part of the 5G race even before it’s here.