5G is not just a new radio access technology, but a significant leap forward in terms of performance targets. It will offer new possibilities to connect not only people, but also objects such as cars, wearables, and home appliances. The success of 5G technology will depend on collective and harmonized global standardization activity throughout Europe, the US, and Asia. While there have been many announcements and developments in the race for 5G, a global standard has yet to be defined. The International Telecommunication Union (ITU) plans to release detailed specifications in 2020, and South Korea has already announced a 5G network.
