Currently the telecom world is moving towards next generation 5G (5th Generation) technology. Previous generations of mobile networks addressed human communications predominantly for voice & data but apart from human to human communications 5G brings machine to machine communication in a broader way. The possibilities of use cases are endless and 5G is a system of system. The vision for 5G is creating an ultra-connected society. 5G will be the general-purpose technology and 5G will act as a catalyst for the industry disruption. By interconnecting industries using the 5G technology will make them to be cost effective, efficient and more productive by optimally utilizing the infrastructure. It is expected that globally 5G value chain itself will contribute $3.5 trillion in output and provides 22million jobs in 2035. It is expected that 1 Trillion IoT devices by 2035 and will be worthy of $5 trillion. In Taiwan, 5G is expected to create 510,000 Taiwanese jobs and to unleash $134 billion economic value in gross output of goods and services. Apart from monetary benefits 5G is expected to bring social benefits to the human life too in enormous ways. To tap that potential many countries, governments encourage and push the mobile ecosystem to start to build the 5G networks and to launch it. 5G is coming earlier than expected and society needs to adopt to the upcoming disruption.