5G Technology to Disrupt Global Industries, Economies and Markets
SANTA CLARA, Calif., Oct. 18, 2017 /PRNewswire/ -- The expected transition to 5G, the next generation in mobile communications, will bring new startups, new competitive intensity, and the development of new platforms and business models, according to a report released today by Frost & Sullivan and Principal Financial Group.
The collaborative whitepaper titled, 5G: The Foundation for a Hyper-Connected World, predicts that 5G will result in a period of industry disruption and vertical realignment in a massive portion of the global economy, which is likely to impact investors' portfolios. The paper is the first in a series on 5G, which takes a multifaceted look at how this technology will prompt the next wave of technological innovation and shape investment opportunities in the coming years.
To download the full whitepaper, please visit: http://frost.ly/1vs
"Disruption brings with it the potential to find strong growth prospects. However, with 5G, as with any new technology, investors must remain realistic. Although 5G will improve people's lives and strengthen productivity, rollout will take time," said Richard Sear, partner and senior vice president of Frost & Sullivan's Visionary Innovation Group. "It will likely be a decade or more until the widespread economic impact of 5G can be fully measured. Finding opportunities will rely on ongoing, active monitoring of regional, government, and industry landscapes."
It is expected that 5G connectivity will affect every industry as more data will be transmitted at faster rates. This will allow for innovative and advanced applications--many of which have yet to be conceived. Successful long-term investment strategies will place a premium on those industries, companies, and countries that establish clear use cases for 5G early on and that position this technology as a strategic complement to additional pursuits such as artificial intelligence, big data, and machine learning.
"The effect that 5G will have on the speed of technological implementation is hard to quantify today. What we do know is that this technology will further enable developing economies to close the gap with developed markets," said Jim McCaughan, chief executive officer for Principal Global Investors, the asset management arm of Principal. "5G, coupled with strong middle class expansion in these emerging markets, will create interesting opportunities for investors, while also leading to the development of new, tailored financial solutions."
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion
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About Principal(®)
Principal helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals-offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. To find out more, visit us at principal.com.
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SOURCE Frost & Sullivan
