In the wireless world, we have fully taken the initial steps into the new 5G environment. This buildout will take several years. This means building out and upgrading networks, smartphones and tablets and much more. Remember, the changeover from 4G to 5G is not as quick and easy as flipping a switch. It takes several years and billions of dollars to upgrade wireless networks, handsets, smartphones, tablets and more.
This time around 5G is different than 2G, 3G and 4G. 5G will impact other industries as well as wireless. Not only will we see new players enter the competitive marketplace, but we will also see this technology empower transformation of other industries and governments. That means other industries like healthcare, automotive, retail and more will use 5G technology to expand. That also means many other companies in many other industries, along with governments and more will all jump in.
Think about telemedicine, telesurgery, automated driving and the like. These work today, but to be better, safer and more efficient we will see plenty of investment dollars pouring into this new world at every level. This means a positive impact on many 5G wireless related companies both in the USA and globally. In fact, many companies are seeing strong growth in computer science vs software engineering despite the pandemic.
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