The fifth-generation mobile initiative, 5G, is a tremendous and collective effort to specify, standardize, design, manufacture, and deploy the next cellular network generation. 5G networks will support demanding services such as enhanced Mobile Broadband, Ultra-Reliable and Low Latency Communications and massive Machine-Type Communications, which will require data rates of tens of Gbps, latencies of few milliseconds and connection densities of millions of devices per square kilometer. This survey presents the most significant use cases expected for 5G including their corresponding scenarios and traffic models. First, the paper analyzes the characteristics and requirements for 5G communications, considering aspects such as traffic volume, network deployments, and main performance targets. Secondly, emphasizing the definition of performance evaluation criteria for 5G technologies, the paper reviews related proposals from principal standards development organizations and industry alliances. Finally, well-defined and significant 5G use cases are provided. As a result, these guidelines will help and ease the performance evaluation of current and future 5G innovations, as well as the dimensioning of 5G future deployments.