Market Dynamics and Security Considerations of 5G

The 5th Generation (5G) of mobile communication systems will bring massive changes in the dynamics of the Information and Communication Technology (ICT) industry. The applications of 5G technology are well-positioned to address the ever-increasing demand for enhanced service experience. With digitization on its way to touch every part of life, Internet of Things (IoT) will be integral part of 5G from the very beginning; this is unlike 4G where IoT came later. However, open issues such as market demand, technical viability, economic feasibility of adopting 5G and related business dynamics do exist. This paper discusses such issues and more importantly, the security considerations in the world where everything will be connected.