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Will 5G Be a Dream Come True?

Written by Monica Savaglia
Posted July 30, 2019

Living in a city for most of my life, I realize I’ve taken advantage of a lot of things without entirely thinking twice about them. I have had easy access to places, technologies, and transportation. Because I’ve lived like this for most of my life, it has become my normal, but what is my normal could be far away from someone else’s. 

When I’m at home streaming a TV show and my Internet connection cuts out or the screen starts to “buffer,” it becomes one of the biggest inconveniences of my life. I hate to admit that I think that way, but I know I’m not the only one. However, the next time your internet slows down for a minute or two, remember that there are people out there who don't have any access to the internet.

My dad is one of those people. He lives in a very rural spot in Wisconsin. It’s beautiful and it makes me want to move there myself, but I’m not sure if I could handle how remote it is and the fact that it takes 30 to 40 minutes to drive to the closest grocery store. The grocery that's just down the block from my apartment is sometimes too far away for me.

Well, my dad's not alone when it comes to not having access to a broadband connection. Nearly one-third of American households don’t have broadband connection.

A recent report called Rural America and Technology from research firm NPD Group came across some shocking results. According to the report, roughly 100 million consumers lack access to high-speed internet connections of at least 25 Mbps — that’s 31% of the country. And as I mentioned earlier, close to one-third of American households have no broadband connection. 

Closing the Digital Divide

President of NPD Connected Intelligence, Eddie Hold, said in a recent statement:

The so-called digital divide, between those that can or cannot make the best use of the Internet, can be clearly felt in rural markets where the lack of broadband impacts everything from entertainment to the educational system. And even the state level data masks the underlying reality that in the most rural markets in America, less than 20% of households have a broadband connection.

The next time your favorite show buffers, think about how some people don’t have access to fast internet or even a connection at all. In a time when technology rules almost everything we do, it’s hard to believe that an education system can lack proper access to the internet to provide students with information they need. Not to mention, a school's curriculum sometimes depends on having access to the internet, whether it’s to help teachers with a lesson plan or the expectation that a child will have access to the internet at home to complete their assignments. 

It’s not fair to assume that this modern technology is available to everyone throughout America. This puts rural America slightly behind the areas that do have access. NPD’s report indicated that there's a massive divide when it comes to rural and urban internet access rates. 

That could finally be changing with the emergence of the next generation of wireless technology: 5G. 5G promises to increase speeds, coverage, and responsiveness of wireless networks. But most of all, this technology could begin to fix a problem that rural America is facing and that has been greatly ignored.

The technology won't need to run cables or lines underground, which is one of the reasons my dad can't get internet. According to the cable and internet provider, there isn't enough demand in his area for them to put in the work for him and his neighbors to be connected. And I'm sure his situation is very similar to other rural areas. The amount of work that would need to be done would outweigh the monetary return.

Eddie Hold said:

The roll out of 5G will have a significant impact in rural America, disrupting the limited broadband carrier market and delivering broadband to many households that have not previously had access.

5G has the ability to bring internet access to schools and into the homes of students, which would give students and teachers unlimited access to information they otherwise wouldn’t have had access to. Technology is constantly advancing, and this country prides itself on the advances that have come to life because of certain technologies. We shouldn't be excluding anyone from being a part of these advances. No area should be left behind or kept in the dark just because it has a low population.

The Future Is 5G

According to a BusinessWire report about the global 5G market (2019–2025), the market is expected to reach $277 billion by 2025 — that’s a CAGR of 111% during 2019 through 2025. 5G technology is groundbreaking, and researchers and analysts already see a bright and prosperous future ahead. It has the capability of moving America and the world toward hyper-connectivity, which will result in a massive economic valuation. 

A 5G network will be designed to connect a far greater number of devices than a traditional cellular network. This network is being specifically built so it can handle equipment used by businesses such as farm equipment or ATMs, along with making sure internet speeds will be able to handle the future of technology and its advances. 

As of today, 5G isn’t available to everyone. Mobile providers like Verizon, Sprint, and AT&T have been slowly introducing the technology in major cities. There have been 5G smartphones trickling onto the market. And these phones are pricey, ranging from $1,000 to $1,300. There’s a lot that will be changing because of 5G, and it’s time you start preparing for what’s to come. 

Yes, it’ll be a few years before 5G fully replaces 4G, but the opportunities that will be coming along because of this newer and faster technology will be very rare. You could even label it a once-in-a-lifetime opportunity. That’s why you should take the time to watch a presentation on 5G that we’ve made exclusively for our readers

In this presentation you’ll learn about the technology and what kind of future it has. In addition to becoming an expert on the technology, you’ll be given the names of three 5G stocks that are set to soar as 5G starts to really roll out.

You have the chance to be one of the first to watch this technology emerge and wow the entire world. You’ll have bragging rights for the rest of your life.

Until next time,

Monica Savaglia Signature Park Avenue Digest

Monica Savaglia
Editorial Director, Park Avenue Digest

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