The 5G Industry Will Booming

According to the plan of the Ministry of Industry and Information Technology, 5G networks will be officially commercialized in 2020. At that time, disruptive applications such as artificial intelligence, unmanned driving, AR/VR and blockchain will be carried on the high-speed channel of 5G, entering people’s lives and creating new investment opportunities for the market.

The scale of investment in 5G is huge, and the domestic commercial technology level is at the forefront of the world. According to the calculation of China Academy of Information and Communications Technology, the direct and indirect output of 5G will reach 1.68 trillion yuan by 2020 and increase to 16.9 trillion yuan by 2030, with a compound annual growth rate of 26%.

In the future, 5G will be deeply integrated with technologies such as cloud computing, big data, artificial intelligence, virtual and augmented reality, connecting people and everything, and becoming a key infrastructure for digital transformation in various industries. With its excellent performance of ultra-high reliability and ultra-low latency, 5G will drive the development of vertical industry applications such as connected cars, mobile medical care, and industrial Internet. Overall, the wide application of 5G will provide solid support for mass entrepreneurship and innovation, and help promote the construction of a manufacturing power and a network power.

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