This paper analyzes current standardization situation of 5G and the role network softwarization plays in order to address the challenges the new generation of mobile networks must face. This paper surveys recent documentation from the main stakeholders to pick out the use cases, scenarios and emerging vertical sectors that will be enabled by 5G technologies, and to identify future high-level service requirements. Driven by those service requirements 5G systems will support diverse radio access technology scenarios, meet end-to-end user experienced requirements and provide capability of flexible network deployment and efficient operations. Then, based on the identified requirements, the paper overviews the main 5G technology trends and design principles to address them. In particular, the paper emphasizes the role played by three main technologies, namely SDN, NFV and MEC, and analyzes the main open issues of these technologies in relation to 5G.