In his keynote, Mollenkopf said that 5G isn’t just the next version existing 3G and 4G technologies but a whole new ball game in the field of mobile telephony. Mollenkopf said that 5G will be the key driver of the new age technology like VR live-streaming, autonomous cars, connected townships, etc.

According to him, 5G is expected to change the entire industry as it’ll increase the data speeds and reduce the associated costs. Apart from these benefits, the best thing about 5G is its low latency compared to 3G and 4G which will help users achieve many unimaginable and mission critical operations. Moreover, Mollenkopf said that 5G will have an impact similar to the introduction of electricity or automobile and “affect entire economies and benefiting entire societies.”

he research commissioned by Qualcomm predicts that 5G value chain will support up to 22 million jobs and generate up to $3.5 trillion in revenue by 2035. It also predicts that the full economic impact of 5G is expected to be realized by 2035. It also said that the new 5G technology will allow users to download a 1GB file in 3 seconds flat. Due to its high speed and low latency, the users will be able to download a full-length 4K movie in 18 seconds. The 5G tech will also usher in a new Internet age as far as speeds are concerned.