5G is more than just faster wireless service. It is transformative. It will transform the way we use wireless and expand what we can do over it. Over the next few years, 5G wireless will open new doors and create a completely different experience for all users going forward. It will also create new business opportunities.

Let’s explore the growth opportunity for wireless networks, smartphone companies and makers, pay TV providers and all the new 5G gear that will use these new ultra-fast wireless data networks and transform our world.

4G is fast, but not fast enough. It has unleashed new ways to use wireless like letting us listen to and watch streaming services like radio, movies and even live TV. While this is fast enough for one person, it’s not fast enough for the entire family to be doing to same thing. This creates data bottlenecks which interfere with the quality of the services being used.

5G wireless will open new avenues for growth with pay TV and internet

5G is so much faster, it will let the whole family watch and listen to data intensive applications like music, movies and live TV. It will also increase the chances of new innovation like Uber and Lyft to redefine older industries like taxi and limousine. So, 5G will usher in a new decade full of innovation and improved services.

It will change the entire pay TV space over the next few years with new competitors, new technologies and new offerings. It will let us, and our entire family take our communications and entertainment experiences on the road with us.

Yesterday, we had to sit in our home to watch pay TV. Today, we can watch pay-TV anywhere in the USA over our wireless networks. Tomorrow, our entire family will be able to watch payTV at the same time, anywhere, anytime. This will further unleash our creative engines.

Wireless data demand increases, while spectrum remains limited

Over the last decade or two, we have used an increasing amount of data. Today, we use more wireless data and data in general than ever before. While there is no problem with wire line data, there is a problem with wireless data, and that’s limited wireless data spectrum.

Wireless data networks use spectrum to provide signal to their mobile customers. And spectrum is in limited supply. Technology continues to improve, and we can send more data over the same spectrum compared to years ago.

I fully expect this will continue to get better over time. However, this is a real hurdle the industry continues to face as users consume more wireless data.

This next wave of innovation through 5G will only increase this enormous demand.