Why 5G means new business models and user benefits

While everyone is focused, and rightly so, on what 5G will mean to the billions of users of smartphones, there is a less visible but equally as important side to 5G that will have profound effects on consumers and enterprises.

5G will enable new business models that will bring new services to a vast number of people and companies. Further, it will provide a profitable adjunct to network operators that can add a significant contribution to their bottom line and may even be able to partially subsidize consumer services that will be highly price competitive longer term. And, finally, it will open up new competitive markets for internet services that have long been non competitive or marginally competitive.

5G makes a compelling case for wireless broadband

Although about 90 percent of the U.S. population is covered by some sort of wired broadband internet connectivity (via cable modem, DSL or fiber), there is a substantial number of people who can’t get internet broadband due to lack of a viable financial model for operators making a major investment in wired infrastructure in those locations.

[ Related: When should you move to 5G? ]

Further, in many areas, it’s a monopoly situation where you can get broadband service from only one provider. Wireless broadband access has recently emerged as an alternative to both the lack of rural connectivity and as a competitive option to monopoly solutions. However, previous attempts to deploy extended Wi-Fi or even 4G solutions for this purpose were not optimal. With the availability of 5G, there is a real opportunity to create a compelling wireless broadband experience, with the high capacity, high speed and low latency necessary for modern broadband uses (e.g., entertainment, gaming, multimedia, etc.).

How attractive is this? Recently Qualcomm announced that more than 30 manufacturers of Fixed Wireless Access (FWA)