5G Technology will pay off for investors

Article Excerpt

The fifth generation of cellular wireless technologies (“5G”) promises increased bandwidth, faster connections, ultra-low latency, and improved reliability. In essence, 5G is a technological advance that will make possible many new and transformative applications of technology. It lets equipment and vehicles be more easily controlled remotely, and makes operations like mining and distant inspections safer. It will also be the enabling network for adaptive city infrastructure (such as road systems that automatically divert traffic if there’s an accident). In healthcare, it will let doctors better conduct remote diagnoses and even remote surgery. By 2035, 5G applications could add $13.2 trillion of economic value and create 22 million new jobs. Progress with 5G deployment continues Investments in 5G networks will reach $1 trillion worldwide by 2025 according to the GSMA, the body that represents the interests of mobile network operators. The GSMA estimates that 70 countries now have 5G networks, up from 38 a year ago, while another 15 countries have partly deployed their 5G…