Why 5G Will Change The Way We Live & Work In The Future
Published on: 03/29/2021
In this edition of Chart Talk, Tony Ogorek and Jeff Viksjo discuss how 5G is likely to impact our lives by looking at the global adoption and how industries feel they will be disrupted by it.
Welcome to this edition of Chart Talk, I’m Tony Ogorek, I’m here with Jeff Viksjo. And today we’re going to take look at how 5G is likely to impact our lives in terms of how we will live and work in the future. And Jeff, we’ve got a chart here which looks at the 5G adoption rate for smart phone subscriptions over the next 5 years. It looks like a pretty bullish picture here.
It sure does. We see a lot of commercials for 5G in the U.S., but right now adoption rates are very, very low. Globally, it’s about 200-million using 5G smart phones. That’s expected to grow to more than 3-billion in 5 or 6 years. So, tremendous growth ahead. As investors, you look at this, and you think well this is good for Apple, this is good for Verizon, it’s good for the cell phone towers. But Tony, there’s a lot of ways we can play this.
Jeff you’re right, and taking a look at this next chart. These are executives in the various industries, who feel that their industry is going to be severely disrupted by 5G. Interesting, automotive, manufacturing, logistics and transportation, all of them feel there is going to be a significant impact by 5G.
And why these numbers are so high, why they feel this is going to impact them is because 5G is so much faster. It’s about 30x faster than 4G, it’s even 10x faster than your home Wi-Fi. So we’re talking a giant leap forward. And so now, on the factory floor the machines can talk to one another, the cars that drive themselves can talk to traffic lights. We’re talking big, big changes that we don’t quite even can understand at this point.
So, it’s really a bold, exciting world we are going to be looking at. 5G is going to make it possible. And also, a lot of exciting investment opportunities to go along with that.
Thank you for joining us for this edition of Chart Talk. Be Safe. We look forward to seeing you soon.