5G fever: US consumers willing to pay a lot more, Ericsson study shows

From CNET: Consumers in the US are willing to pay much more for 5G than for current 4G service -- and by 2025, 20% of us could be using 10 times as much data as we currently do.

Those are some findings from a consumer survey about 5G that was conducted by Ericsson. The networking gear giant polled 35,000 consumers in 22 countries, including 4,500 in the US. The company said the breadth and coverage of the survey extrapolated to polling 1 billion smartphone users around the world.

It initially surveyed consumers about their awareness of 5G -- about 15% to 20% of Americans say they're familiar with the technology -- and then provided some education about 5G's capabilities before asking deeper questions, said Jasmeet Sethi, head of Ericsson's ConsumerLab.

Tech companies "are talking a lot about peak speeds and coverage, but seldom do they talk about what what they can really enable in 5G," Sethi said in an interview. "What operators and the whole industry need to do is generate more awareness."

5G has long been touted as a game-changing technology, with the ability to dramatically boost the speed, coverage and responsiveness of wireless networks. It can run between 10 and 100 times faster than your typical cellular connection today. It's quicker than anything you can get from a physical fiber-optic cable going into your house. And latency -- that is, stuttering or delay in the signal -- is lower than what Wi-Fi provides.

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