3 Ways 5G Will Transform the Smartphone Market in the Next 5 Years
Although 5G was only introduced less than 5 years ago, implementation has only really started picking up steam recently in countries such as the United States, Europe and India. The race for 5G technology is on and with it comes a new era of innovation and transformation in the smartphone industry. So these are the 3 ways 5G will transform the smartphone market in the next 5 years.
Better Smartphone Technology
5G technology will usher in a new era of smartphone technology. The low latency properties of 5G networks and improved download and upload data speeds will likely result in the mass adoption of virtual reality (VR), mixed reality (XR) and augmented reality (AR) applications. These technologies have been around for some time but have been limited by the capabilities of current mobile networks. With 5G, users can expect to see more immersive and interactive experiences on their smartphones.
Larger 5G Coverage
5G will start to make an impact on the telecoms industry. Nearly all commercial 5G deployments to date have relied on non-standalone 5G (NSA 5G), which uses new radio technologies but still relies on existing network infrastructure. This means that telecom giants can deploy 5G today by leveraging the ecosystem and models in place for mobile broadband and enhanced mobile broadband while extending with more powerful cellular network connectivity. In turn, there will be larger and wider 5G coverage, meaning smartphones will not only be able to faster internet but stay on faster Internet for longer as well.
With prices for premium 5G smartphones expected to be up to 1000 USD for millions of customers, this applies significant pressure on telcos’ balance sheets. Up to 10 per cent of it can be tied up in receivables for smartphone-related affordability options. This could result in telcos offering more attractive financing options for customers looking to upgrade to a new 5G smartphone. And likewise, to appease telco companies, smartphone companies will be releasing more affordable 5G smartphones to the public as well.
OnePlus, recently announced the OnePlus Ace 2V, a relatively affordable 5G lower mid-range smartphone that features MediaTek’s flagship Dimensity 9000 SoC, a metal frame, and a 120Hz AMOLED display. It is available with up to 16GB of LPDDR5X RAM and up to 512 GB of UFS 3.1 storage.
If you are interested in the OnePlus Ace 2V, you can pre-order one yourself today at Giztop starting from only 399 USD for the 256GB storage option.
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