As the IOT is gaining popularity there is a requirement for a technology which can support large amounts of data transmission efficiently and at very high bandwidth. In the near future, i.e. next gen IOT devices, some of the prime objectives or demands that need to be addressed are increased capacity, improved data rate, decreased latency. The development of next generation wireless mobile communication technology namely, 5G which promises to fulfill the needs of complex IOT architectures. This paper focuses on the requirements which can be fulfilled by 5G and enlightens architecture, merits and demerits of 5G network. A detailed survey on 5G enabled IOT devices, the research on this type of network have been conducted in various places around the globe. © 2018 IEEE.