Work-From-Home Trend to Speed Up 5G Rollout: 5 Solid Buys
Zacks Investment Research | Jul 07, 2020 07:36AM ET
5G boasts lightning speed that facilitates seamless transfer of data. This has gained immense significance amid the coronavirus outbreak.
Markedly, while 4G LTE-A (Long-Term Evolution Advanced) promises average speed of 15-50 Mbps, 5G aims at hitting average minimum speed of 50 Mbps. The 5G technology uses much higher radio frequencies compared with 4G that helps it to transfer data faster with reduced congestion and lower latency.
Rapid proliferation of remote working, learning and health diagnosis amid lockdowns and shelter-in-place guidelines to curb the spread of the virus has shown the limitations of 4G networks and the urgent need for 5G networks.
Moreover, growing demand for e-commerce, contactless delivery through drones and digital payment highlight the urgency for 5G network development. As such, the 5G infrastructure market is estimated to rise from $12.6 billion in 2020 to $44.9 billion by 2025, at a CAGR of 28.97%, per a Zacks Investment Research
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