5G is really the only technology that will be a significant change anytime soon. But you have to ask yourself - how much am I missing extra bandwidth right now? Use cases like streaming movies are unlikely to be major market drivers - not enough to justify the billions being spent on infrastructure. Indeed we see 5G not so much being touted as a mobile solution, but as a cheap high bandwidth reticulation for fixed internet access in competition with cables and fibres in the ground.
I like to say that right now, with our current mobile phones we are living science fiction. If you go back through the old Sci-fi ideas about future technology there is plenty they predict that we have not got anywhere with (where is my jetpack or flying car?) but you are hard pressed to find any sci-fi that envisaged anything as advanced in capability as a modern phone.
But, as noted above, the additional features that make a difference are getting harder to find. Cameras are pretty insane in capability, enough to wipe out an entire market segment of ordinary cameras. Storage capacity is now in the difficult to fill range. Processor power is very capable, and the wide range of different architectures inside a phone, directed at different needs makes a personal computer look remarkably naive. The biggest driver in PCs is games. Most home computing needs are otherwise covered with only very modest machines.
I just retired my old iPhone 5. Bought an XS with 256GB. It is really very very nice. Much nicer than I thought. But its capability over the 5 is not that great a leap. Everything is smoother, faster, the camera is better, and I finally got into the world of NFC communications (so I can pay with my phone) and biometric ID is a nice to have. But seriously, if I was forced to keep the 5 for another year, it would not have bothered me all that much.
There is one use case that I feel has been held back - and this is one Apple could do if they had the will. Make the phone interface to a full screen, keyboard and mouse, with some sort of small dock, or even a wireless interface. Make it replace the PC. You keep most of your life in the cloud, the phone caches what you need, and it provides the portable context for all your work. Sit down, phone links to screen/keyboard/mouse and your currently active spreadsheet/document/photos/etc applications appear. Do some work, get up, disconnect phone, and walk off. Re-establish at any other screen system at any time. Apple already have the idea of active transfer of work between phone and desktops, but there is point where your phone has enough power that the desktop is simply not needed. We have already passed that point.
There are other applications of phones, but noting that needs new higher power hardware. A lot of applications need software and infrastructure to enable them. There are many barriers to uptake of ideas that are rooted in commercial and legal interests. Getting wide enough cooperation between stakeholders to get an idea off the ground, and not simply die because stakeholders want a bigger slice of the pie than there is pie is a common problem.
The idea that augmented reality, holograms, or haptic gloves will be drivers is naive. There are no extant holographic projection systems, even in labs. Things like VR glasses, haptics and like have been around for decades. They have not got much more useful over that time, although they have become cheaper. The idea hat people will wish to become an augmented cyborg so that they can be bombarded with ever more advertising is something only a marketdroid would believe. Ther will need to be some major breakthrough in interface technology to enable a paradigm shift, and that breakthrough will probably not so much advance the mobile phone to the next level as render it obsolete.