The fight is on.
The 5G story is catching on like wildfire.
The top telecom companies are duking it out to get to market. And the stakes are big — $12.3 trillion big. The stakes are so high that the biggest countries in the world are joining the race. China will invest up to $400 billion on 5G by 2025 with 430 million users. South Korea invested $1.5 billion in the technology. Germany is in for $100 billion.
Even President Trump tweeted:
“I want 5G, and even 6G, technology in the United States as soon as possible. It is far more powerful, faster, and smarter than the current standard. American companies just step up their efforts, or get left behind. There is no reason that we should be lagging behind on something that is so obviously the future,” he noted.
“I want the United States to win through competition, not by blocking out currently more advanced technologies. We must always be the leader in everything we do, especially when it comes to the very exciting world of technology!”
Just What is 5G Technology?
1G allowed us to walk and talk at the same time.
2G allowed us to walk, talk and send texts.
3G allowed us to do all of that, and use the Internet.
4G allowed gave us all of those options and allowed us to stream. Unfortunately, by today’s standards, 4G is too slow. In fact, it “only” has a download speed of 100 megabits per second.
Meanwhile, 5G can process up to 10,000 megabits per second.
Such speeds will help usher in the Internet of Things (IoT), interactive television, social gaming, virtual reality (VR), augmented reality (AR), robotics, automated vehicles, healthcare imaging and diagnostics just to name a few.
By 2035, about $12.3 trillion worth of goods and services will be enabled by 5G networks, and the rollout will add approximately $3 trillion to the worldwide GDP.
So, when you hear investment advice regarding 5G, listen closely.