5G technology aims to address limitations of 4G such as lower data rates, higher latency, and fewer simultaneous connections. 5G will offer data rates up to 10Gbps, latency below 1ms, and support over 1 million connections per square kilometer. It utilizes millimeter waves, small cells, massive MIMO, and beamforming to achieve these improvements. Initial 5G networks will be non-standalone using existing 4G infrastructure before transitioning to standalone 5G networks. 5G will enable new applications in healthcare, VR/AR, IoT, and more by providing greater speeds, lower latency, and massive connectivity.