The Evolution of Cloud Computing & 5G Infrastructure and its Economical Impact in the Global Telecommunication Industry

Cloud computing has been combined with the recent 5G structure to become an essential key in the development of telecommunication industry and enhancement of economic growth worldwide. Cloud computing changed the way of storing, processing and delivering data while the concept of 5G is defined as the new generation of mobile communication that provides enhanced speed, connectivity and low latency. This paper offers a review of the evolution and application of the technologies in both domains, in the context of the telecommunication industry. These technologies’ economic effects are explored more extensively in terms of business models and revenue as well as market structures. This study offers the crucial knowledge of applying the Cloud computing and 5G infrastructure in revolutionizing the Telecommunication sector and giving new directions to the economic development. The study shows the indispensability of these technologies in the future of global communication while pointing out the problem areas that need more work for the maximum advancement of these technologies.