Opportunity: 5G Boom is About to Change Everything

10:55 12/04/2018

Companies will begin to roll out 5G, or 5th generation mobile networks. The goal is to provide quicker Internet speeds for users. The other objective of 5G is to help usher in the next wave of human-technology interaction, such as with the Internet of Things (IoT) and autonomous cars.

4G has a download speed of 100 megabits per second.

But that’s nothing compared to the 10,000 megabits per second that 5G can handle. That’s 100 times faster than 4G, and would be under significant demand.

By 2020, close to 10% of Americans with a smartphone will subscribe to 5G services.

By the end of 2023, Ericsson predicts that almost 50% of all US mobile subscriptions will be based on the new standard.

Even analysts at Cowen & Company have already said, "A revolution is coming."

In fact, they note 5G will usher in this revolution and have a 'game changing' impact on society, per a Barron's report.

"Certainly, there are already several technologies including artificial intelligence, robotics, the Internet of Things, quantum computing, etc. that have already impacted our lives a great deal... 5G will serve as the 'glue' for these foundational technologies to come together -- and that convergence will form ‘the fourth industrial revolution.'"

And by 2035, about $12.3 trillion worth of goods and services will be enabled by 5G networks, and the rollout of 5G will add approximately $3 trillion to the worldwide GDP.

As smartphones and other digital devices get smarter and more numerous -- and as the applications they run generate ever more data -- the wireless network that connects them must change to keep pace.

That's why telecommunications giants like Verizon, AT&T, and Sprint are racing to roll out the fifth generation of wireless network technology, says NBC News.

It'll help provide faster speed.

We'll see shorter delays, and increased connectivity, too.

Of the many things that will demand 5G-deployment is the Internet of Things, which is expected to connect up to 50 billion connected devices by 2020. Interesting to note, without 5G, IoT won't be able to function they way it should.

It'll even be used with self-driving cars, and is expected to help fuel the virtual and augmented reality booms, too.

So, the time to buy related stocks is now.

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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