Samsung has unveiled it is working on 60GHz WiFi technology, which it claims is five times faster than existing solutions.
The 802.11ad standard WiFi technology reportedly increases the speed of existing 866Mbps, or 108MBps, services by "eliminating co-channel interference" to offer data transmission speeds of up to 4.6Gbps, or 575MBps.
The highest current theoretical speed is up to 1Gbps via the 802.11ac WiFi standard.
Devices connected to the next-generation network could theoretically download a 1GB movie in less than three seconds and transfer high-definition videos between devices in real time, according to Samsung.
It is currently unclear when Samsung plans to release the technology. However, the firm said that 60GHz is an unlicensed band spectrum across the world, meaning it could come to the UK, and that it plans to "commercialise it as early as next year".
Samsung will initially roll the technology out to a number of audio visual devices, medical devices and telecoms equipment.
Kim Chang Yong, head of Samsung Electronics' research and development centre, described the technology as a key step in the firm's bid to capitalise on the growing Internet of Things (IoT).
"Samsung has successfully overcome the barriers to the commercialisation of 60GHz millimetre-wave band WiFi technology, and looks forward to commercialising this breakthrough technology," he said.
"New and innovative changes await Samsung's next-generation devices, while new possibilities have been opened up for the future development of WiFi technology."
Samsung is one of many firms working to improve network and device connection speeds ahead of the forecast cloud and IoT revolution that will affect numerous industries.
BT and Huawei reported achieving broadband speeds of 3Tbps in a field trial on 10 October, believed to be the fastest speeds ever achieved over a fibre cable in a real-world environment.
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