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Fifth-generation cellular radio access networks are currently being standardized as 5G New Radio (NR). The primary objectives of 5G NR are to provide enhanced mobile broadband (eMBB) and ultra-reliable low latency communication (URLLC) capabilities. This innovative resource analyzes these applications in detail to help readers understand how the flexible design of NR makes it suitable for a wide range of use cases and applications. The rationale behind the design decisions made during the NR standardization process are explored. Readers will be able to understand the performance limits of NR when applied to non-eMBB scenarios and how NR compares to 4G and IEEE 802.x connectivity solutions for such scenarios.The main features of 5G phase 2 are explored, as well as the use cases that can be addressed by 5G phase 2. The mathematical models are included to help explain the future evolution of NR in Release 16 and beyond. This is the only book that describes both the standards features of NR and the mathematical models/open research issues for 5G, appealing to both industry practitioners and academic researchers.