Fifth-generation (5G) mobile networks are now being activated in the U.S. and around the world. In fact, the market is on the verge of exploding. That means investors should be looking into 5G stocks for their next big move.
According to Allied Market Research, the worldwide 5G tech market will grow to $667.9 billion by 2026. That’s up from $5.5 billion this year for a compound annual growth rate (CAGR) of 122.3%. The massive growth is because 5G will radically influence global communications, cloud-computing, the Internet of Things (IOT) and more.
Even now, companies like AT&T (NYSE:T) are initiating their nationwide 5G networks, while Apple (NASDAQ:APPL) is promoting the fact that its latest smartphone has 5G capability.