Investors can often overlook huge technological shifts that are right in front of them in search of the next big thing. One such example is 5G connectivity. Perhaps many are fooled by commercials that trumpet the arrival of 5G, but make no mistake, we’re still in the early phases of adoption and wise investors can position themselves for success.
Although consumers are now able to take advantage of faster connection speeds, the real breakthrough will occur as the Internet of Things (IoT) gains even more steam. It is expected that connected devices will more than double between 2020 and 2025, growing from 31 billion to 75 billion. We’ve already seen the potential for IoT with autonomous vehicles and artificial intelligence, and without reliable networks capable of processing commands at lightning-fast speeds, the IoT cannot exist.
Despite the opportunity, investors continue to overlook this critical part of the fast-growing IoT ecosystem. Find out why Verizon Communications (NYSE: VZ), AT&T (NYSE: T), and the Pacer Benchmark Data and Infrastructure ETF (NYSEMKT: SRVR) should be on income investor’s radars.