As of October this year, Verizon will be launching '5G Home' as the first commercial 5G service built on the world’s first and only 5G Ultra Wideband Network.
The 5G Home service will cost $50 monthly for Verizon Wireless customers and $70 for non-members and users will receive perks at installation, such as a complimentary Apple TV 4K or a Google Chromecast Ultra, plus free YouTube TV for three months.
5G is the next generation of wireless technology engineered to significantly increase the speed and responsiveness of wireless networks. At the end of 2017, the wireless industry came up with the first official 5G standard and now, telecommunications companies are racing to offer systems and devices that support faster Internet speeds.
5G Broadband Services
Verizon's '5G Home' is the First Commercial 5G Service
Trend Themes
1. 5G Broadband Expansion - Opportunity to expand 5G broadband services to more areas and regions, providing faster and more responsive wireless networks to customers.
2. 5G Network Infrastructure Innovation - Opportunity to create innovative and improved network infrastructure to support the demands of 5G technology.
3. 5G Integration with Iot Devices - Opportunity to integrate 5G technology with IoT devices to provide faster and more efficient communication between devices.
Industry Implications
1. Telecommunications - Telecommunication companies can stay ahead of the competition by investing in and expanding 5G technology.
2. Entertainment - The entertainment industry can partner with 5G networks to provide customers with fast and reliable streaming services.
3. Iot - IoT companies can integrate 5G technology into their devices to take advantage of faster and more efficient communication.