As companies begin to roll out 5G technology, the time to buy related stocks is now.
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.
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, like Ceragon Networks (NASDAQ:CRNT).
CRNT provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services worldwide. Its wireless backhaul solutions use microwave radio technology to transfer telecommunication traffic between base stations, small sells, and the core of the service provider’s network.
The company also provides wireless fronthaul solutions that use microwave technology for communication between LTE/LTE-advanced base band digital unit stations and remote radio heads. In addition, it offers IP-20 Platform solutions for various short-haul and long-haul applications, including IP-20N/IP-20A, IP-20GX, IP-20F, IP-20G, IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V.