5G is the next generation of mobile networks that will provide significantly faster speeds and lower latency compared to previous standards. 5G aims to integrate current and future networks to create a multi-bandwidth system capable of speeds over 1 Gbps with flexible bandwidth between 5-20 MHz. Key applications of 5G include enhanced mobile broadband, massive machine type communications, and ultra-reliable low latency communications. 5G networks will utilize technologies like massive MIMO and beamforming to meet performance requirements such as peak rates up to 20 Gbps and support for over a million connections per square meter.