South Korea’s compressed 5G network timeline presented a steep hurdle and a large reward. Economic growth is a major benefit for the country that leads the pack in developing emerging technology. Tech startups from across the globe rush in to invest and build, advancing an industry. In one example, U.S. 4G leadership meant roughly $125 billion in revenue to American companies that could have gone elsewhere if the U.S. hadn’t seized 4G leadership.1
“If you want to grab the economy, which is tremendous for 5G, you have to make sure that you build a home market of startups to help till the soil,” said Alberto Van Burgh, GM, Wireless Systems Group for Analog Devices.
5G is more than simply 4G on steroids. Of course, it will provide us with faster smartphone connections, stream high definition movies, feature zooming for live sports, and offer faster downloads. But there is more. It will change the way we drive, the way factories operate, and the way cities manage security and environmental issues. 5G is creating the next step in a connected world.
Large operators pushed the cell phone operators hard to hit the December 1 launch date. Only a few months remained. Driven by pressures, the operators were moving very fast. However, they needed vendors—technology companies who could deliver on the compressed timeline.