Companies are racing to establish the fastest or largest 5G network, writes Jim Condon, president of Strategic Capital Fund Management.
Countries are also competing to be the first to deploy fully functional nationwide 5G. This new technology is expected to fuel other transformative new technologies, not only for consumers but also for businesses, infrastructure and defense applications. Intel predicts by 2025 more than 1 billion 5G devices will be in use, and by 2035, 5G will create about $10 trillion in economic output. The amount of change brought about by 5G is expected to rival the first three industrial revolutions — when people went from using their hands, to machines, to mass manufacturing, to living in a digital world. In addition to blazing upload and download speeds, 5G is expected to have greater bandwidth, meaning it can handle many more connected devices than previous networks. It will enable devices such as virtual reality, self-driving cars, wearables and ne
