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When will release Playstation 5 and games on market and what is system requirement about it might be is similar with PS4 

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No exact date has been given yet. But it is expected that the PS5 will be available in the market by this holiday 2020 i.e. by the end of 2020. 

Maybe in the month of November or December, it might be available. 

On comparing PS4 with the new PS5, the upgrade is worth it as the specs and features tell.

It's going to be the world's fastest console, which is a significant upgrade over the PS4.

The most important one is the faster storage due to the SSD. Also, it has a whole new architecture, superior resolution support. Few specs comparison of the PS4 and PS5.

Sony has added and improved the capabilities of its platform in every way like adding more storage, faster compute parts, support of larger capacity disks and support for higher resolutions.

PS5 has 16GB GDDR6 memory whereas PS4 has 8GB GDDR5.

Internal Storage: PS5 has custom 825GB SSD and PS4 500Gb, 1TB HDD. (SSD makes it faster and different)

Optical drive: PS5 has Ultra HD Blu-ray whereas PS4 has only blu-ray.

Hence video output of PS5 4K at 120Hz, 8K and PS4 has only 1080p.

These might be helpful. 
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Play station 5 will soon in market the date as been named the date is after corona virus play station 5 is out after corona virus and the is going they are still doing the game for it
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The PS5 or Playstation 5 is the next generation playstation console, and it's release date coming in late 2020. Sony has confirmed the PS5 relase date is not currently delayed by corona virus, and reiterated the fact that the PS5 is still on course for a Holiday 2020 release in it's end of year financial report.
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I think the date was mentioned as Christmas or few weeks earlier. So this is more like new year releasse if you think of it this way. They have plans to launch complete stuff this christmas. But not sure how they are aiming for the release days like with or without accessories etc. 

Apart from that there is going to be corona problem that may affect them in the distribution as well. So we have to wait and see how that goes. I personally think that PS 5 would be a good release. 
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 Playstation 5 is coming out in 2019. There is no system requirements for Playstation 5.

There is no specific reason for Playstation 5 to be coming out in 2019, but it is likely that the system requirements for Playstation 5 are similar to that of other consoles in the market. This indicates that Playstation 5 is a powerful game and entertainment experience for long-time PlayStation fans and new users alike.
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The Playstation 5 system requirements are:

-L Vision, 3D Vision, and 3D hardware

-2GHz processor, 1GB of RAM, and a 3D TV

-180Ghz or 2GHz processor, 1GB of RAM, and a 4K TV
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