Every next-generation mobile phone standard is greeted by some skepticism. Fifth-generation technology has certainly endured its share. Critics say it’s just a collection of incremental improvements, is being used as an excuse to restrict competition (for instance, by banning Chinese vendors from the US market), and will drive up prices.

However, in a report published by my company in collaboration with Rysavy Research, we conclude that 5G is uniquely positioned to enable new products, services, and business models. While no next-generation technology is a panacea, 5G’s flexible and scalable architecture comes with expansive new spectrum and rules easing the deployment of small cells. That’s a powerful combination.

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