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Two of the biggest sectors in consumer tech are on an innovation kick after years of stagnation, and the reason has a lot to do with 5G

Business Insider | Jul 11, 2019, 11.36PM IST

An engineer stands under a base station antenna of 5G in Huawei's SG178 multi-probe spherical near-field testing system at its Songshan Lake Manufacturing Center in Dongguan, Guangdong province, China May 30, 2019. Picture taken May 30, 2019. REUTERS/Jason Lee

Reuters

5G is the key that's bringing the biggest innovations to the smartphone and video games industry in years. Above: An engineer stands under a 5G base station antenna in Huawei's testing system

Two major, multi-billion-dollar industries - smartphones and video games - are suddenly coming out with some big innovations.

Those innovations are foldable smartphones, where phones can fold out to become tablets; and cloud gaming, where a game console is essentially being replaced by an internet connection. If you've been paying attention, you may have noticed that those new technologies and the rise of 5G have seemed to happen in tandem.

"It's not a coincidence," Qualcomm President Cristiano Amon told Business Insider.

5G is the next mobile network we'll be connecting to after 4G LTE. The telecoms industry is touting that 5G will bring 10 times the speed of current networks, as well as near-zero latency. Soon, waiting for things to happen after a tap on a screen will be a thing of the past.

Read more: Here's what to expect in 5G from the 'Big 4' carriers as Verizon, AT&T, and others battle for dominance

Exclusive FREE Slide Deck: Top 3 Biggest Smartphone Trends by Business Insider Intelligence

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