5G Revolution: Unlocking the Digital Age
Imagine if you were to jump straight from using a typewriter one day, to typing on a laptop the next. The speed and ease at which it would improve your tasks is undeniable.
With 5G, we’re on the cusp of a similar transition in the global communications system. Total connectivity could soon be at our fingertips.
Today’s infographic breaks down the potential that 5G promises, and the immense opportunities stemming from its implications for smart tech and the Internet of Things (IoT).
A Timeline of Wireless Generations
The world’s appetite for wireless speed has been insatiable. We’ve powered through five generations of wireless connectivity in just 40 years.
- 1982-1990s: Analog 1G
1G only supported voice calls, and little else.
Data bandwidth: 1.9 kbps
- 1990s: Digital 2G
2G supported text, picture, and multimedia messaging (SMS, MMS).
Data bandwidth: 14.4 kbps – 384 kbps
- 2000s: 3G Smartphone Era
The first 3G networks go online, supporting high-quality audio and video, and international roaming.
Data bandwidth: 2 Mbps
- 2010: 4G Streaming Era
4G and LTE supported HD video streaming, and is deployed in Europe, and later in the U.S.
Data bandwidth: 2 Mbps – 1 Gbps
- 2019-Present: Full Speed Ahead to 5G?
South Korea first launches 5G across the country, followed by 50 cities in China. The U.S., UK, and Germany also roll out 5G on a limited basis.
Data bandwidth: 1 Gbps – >10 Gbps
*k/M/Gbps: kilobytes/ megabytes/ gigabytes per second.
The global 5G market is projected to reach $668 billion at a 122% compound annual growth rate (2020-2026), with nearly half this growth coming from Asia-Pacific.
4G versus 5G: What’s the Difference?
5G is on the verge of taking off. What sets it apart from its predecessor?
For starters, 5G’s speed improvements are something to behold—it is up to 20x faster than 4G. On 4G, an average movie takes 6 minutes to download. With 5G, it will take less than 20 seconds.
Peak data date
|125 megabytes/second||2,500 Mbs|
Devices supported per km²
|100,000 devices/km²||1,000,000 devices/km²|
Delay/ lag time
|50 milliseconds||<2 ms|
In other benefits, 5G supports 10x more devices per square kilometer. As a result, 5G will be able to seamlessly handle many more devices, within the same area as before. This is pivotal for its use in the imminent Internet of Things (IoT).
Finally, latency is the delay (lag), or the time that it takes to send data from point A to point B. With 5G, latency plunges 25x compared to 4G. This results in almost instantaneous data transfers.
5G will go from promise to roll-out in 2020.
Beyond the Smartphone
5G is one of the most anticipated technologies of our time, and with good reason. In the coming years, the partnership between 5G and the IoT could bring about a boom in smart tech, and this effect could trickle into growth for the economy and investor portfolios.
The 5G network is the perfect backbone for the IoT—supporting increasing device numbers, facilitating growing data transfers, and improving response time among connected devices.
According to McKinsey, 5G will likely speed up the mainstream adoption of the IoT across multiple industries:
5G enables self-driving cars to make “split second” decisions, making them safer. These cars can also connect to buildings, street lights, other cars, and even pedestrians in smart cities—responding rapidly to any issues and improving traffic flow.
These two use cases are estimated to bring a $170-$280 billion global GDP boost to the mobility sector by 2030.
5G could usher in high-tech industry, using AR/VR to boost productivity and precision. Analytics and advanced robotics in smart factories can streamline manufacturing processes, leading to efficiency gains and cost savings. Altogether, the impact could be a $400-$650 billion GDP boost to the industry by 2030.
While robotic surgeries are not new, 5G could allow these procedures to occur remotely.
Wearables and other smart medical devices provide real-time updates on patients, and make accurate diagnoses. These two applications will contribute an additional $250-$450 billion in GDP to the healthcare space by 2030.
A New Wireless Era
5G is only scratching the surface of its full potential, though a few caveats remain before it can scale successfully. A whole new lineup of infrastructure will be needed to support this latest wireless generation, including enabled devices, network density and access, and getting telecoms operators and carriers on board.
The complete uptake of 5G will take a few years to realize. But as the technological shift continues to unfold, investors can take advantage of the wave of opportunities it presents.
5G is more than an upgrade—it’s a crucial transformation of major segments of the economy.
Bitcoin is Near All-Time Highs and the Mainstream Doesn’t Care…Yet
As bitcoin charges towards all-time highs, search interest is relatively low. How much attention has bitcoin’s recent rally gotten?
Bitcoin Near All-Time Highs vs. Search Interest
Just about every financial asset saw a huge drop in March, but few have had the spectacular recovery that bitcoin has had since then.
Up more than 300% from the March lows, bitcoin is within $1,000 of its all-time high ($19,891) established three years ago. While 2017’s run-up saw a huge surge in Google searches, interest this time around is less than a quarter of what it was back then.
This graphic overlays bitcoin’s price changes against Google search interest for “bitcoin” between 2017-Nov 2020, showing the muted relative search interest for its recent rally. Despite Google search interest being low, it is turning upwards, potentially hinting at a rise to cap off 2020.
Nobody’s Searching? Maybe Bitcoin is Already Mainstream
Bitcoin’s mainstream attention in 2017 was exceptional, and was likely the first time many people had even heard about the digital asset.
After doing all of their Google research back then, it’s possible that the general population is now well aware of the cryptocurrency and doesn’t need to search up the basics again. Add to this that bitcoin is now easily purchasable through popular services like Robinhood and Paypal, and you have fewer people who need Google to figure out the intricacies of bitcoin wallets and transactions.
While people might not be searching for information on bitcoin, the media has certainly picked up on its movement over the past year. Mainstream coverage regarding the cryptocurrency is currently at a relative all-time high for the past 12 months.
Even if current mainstream coverage isn’t far from previous peaks, it’s still likely that people are seeing an increase in bitcoin content in their news feeds following the recent surge.
This rally is also attracting increased talk on social media sites like Twitter. That said, while there has been a rise in the volume of bitcoin-related tweets in November 2020, numbers are still quite low compared to the amount of tweets in 2017.
Daily tweet volume reached above 60,000 recently, but is still far from the +100,000 daily tweets that were being sent at the top of 2017’s bull run.
Where in the World is Google Search Interest for Bitcoin?
Even if worldwide search interest isn’t as high as it was in 2017, there is one country where bitcoin is being googled more now: Nigeria.
Since 2015, the Nigerian Naira has lost more than 50% of its value against the U.S. dollar. This, coupled with the country’s high share of unbanked citizens means that alternative currencies and payment methods have steadily risen in popularity and utility.
FinTech startups like Chipper Cash are providing Nigeria and other African nations with no-fee P2P payment services, along with the ability to trade bitcoin. The service is also beta testing the buying and selling of fractional shares of popular U.S. stocks.
Started up in 2018, Chipper Cash’s monthly payment values are now over $100 million, and the company has attracted investment from top VC funds like Bezos Expeditions as they provide a valuable service in an emerging market.
If Bitcoin is Mainstream, Where Does It Go From Here?
While bitcoin is proving itself to be a useful medium of exchange around the world, it’s still primarily a speculative asset. As 2020 saw massive increases in money supply across the board, bitcoin reacted best compared to other speculative assets, with its ascent to $19,000 almost completely uninterrupted since the $10,000 price area.
Time will tell if 2017 is set to repeat itself, or if bitcoin is getting ready to set new all-time highs going into 2021.
50 Years of Gaming History, by Revenue Stream (1970-2020)
Visualizing 50 years of gaming history, from the first wave of arcades and home consoles to a tsunami of mobile gaming.
50 Years of Gaming History, by Revenue Stream (1970-2020)
View a more detailed version of the above by clicking here
Every year it feels like the gaming industry sees the same stories—record sales, unfathomable market reach, and questions of how much higher the market can go.
We’re already far past the point of gaming being the biggest earning media sector, with an estimated $165 billion revenue generated in 2020.
But as our graphic above helps illustrate, it’s important to break down shifting growth within the market. Research from Pelham Smithers shows that while the tidal wave of gaming has only continued to swell, the driving factors have shifted over the course of gaming history.
1970–1983: The Pre-Crash Era
At first, there was Atari.
Early prototypes of video games were developed in labs in the 1960s, but it was Atari’s release of Pong in 1972 that helped to kickstart the industry.
The arcade table-tennis game was a sensation, drawing in consumers eager to play and companies that started to produce their own knock-off versions. Likewise, it was Atari that sold a home console version of Pong in 1975, and eventually its own Atari 2600 home console in 1977, which would become the first console to sell more than a million units.
In short order, the arcade market began to plateau. After dwindling due to a glut of Pong clones, the release of Space Invaders in 1978 reinvigorated the market.
Arcade machines started to be installed everywhere, and new franchises like Pac-Man and Donkey Kong drove further growth. By 1982, arcades were already generating more money than both the pop music industry and the box office.
1985–2000: The Tech Advancement Race
Unfortunately, the gaming industry grew too quickly to maintain.
Eager to capitalize on a growing home console market, Atari licensed extremely high budget ports of Pac-Man and a game adaptation of E.T. the Extra Terrestrial. They were rushed to market, released in poor quality, and cost the company millions in returns and more in brand damage.
As other companies also looked to capitalize on the market, many other poor attempts at games and consoles caused a downturn across the industry. At the same time, personal computers were becoming the new flavor of gaming, especially with the release of the Commodore 64 in 1982.
It was a sign of what was to define this era of gaming history: a technological race. In the coming years, Nintendo would release the Nintendo Entertainment System (NES) home console in 1985 (released in Japan as the Famicom), prioritizing high quality games and consistent marketing to recapture the wary market.
On the backs of games like Duck Hunt, Excitebike, and the introduction of Mario in Super Mario Bros, the massive success of the NES revived the console market.
Estimated Total Console Sales by Manufacturer (1970-2020)
|Manufacturer||Home Console sales||Handheld Console Sales||Total Sales|
|Nintendo||318 M||430 M||754 M|
|Sony||445 M||90 M||535 M|
|Microsoft||149 M||-||149 M|
|Sega||64-67 M||14 M||81 M|
|Atari||31 M||1 M||32 M|
|Hudson Soft/NEC||10 M||-||10 M|
|Bandai||-||3.5 M||3.5 M|
Nintendo looked to continue its dominance in the field, with the release of the Game Boy handheld and the Super Nintendo Entertainment System. At the same time, other competitors stepped in to beat them at their own game.
In 1988, arcade company Sega entered the fray with the Sega Mega Drive console (released as the Genesis in North America) and then later the Game Gear handheld, putting its marketing emphasis on processing power.
Electronics maker Sony released the PlayStation in 1994, which used CD-ROMs instead of cartridges to enhance storage capacity for individual games. It became the first console in history to sell more than 100 million units, and the focus on software formats would carry on with the PlayStation 2 (DVDs) and PlayStation 3 (Blu-rays).
Even Microsoft recognized the importance of gaming on PCs and developed the DirectX API to assist in game programming. That “X” branding would make its way to the company’s entry into the console market, the Xbox.
2001–Present: The Online Boom
It was the rise of the internet and mobile, however, that grew the gaming industry from tens of billions to hundreds of billions in revenue.
A primer was the viability of subscription and freemium services. In 2001, Microsoft launched the Xbox Live online gaming platform for a monthly subscription fee, giving players access to multiplayer matchmaking and voice chat services, quickly becoming a must-have for consumers.
Meanwhile on PCs, Blizzard was tapping into the Massive Multiplayer Online (MMO) subscription market with the 2004 release of World of Warcraft, which saw a peak of more than 14 million monthly paying subscribers.
All the while, companies saw a future in mobile gaming that they were struggling to tap into. Nintendo continued to hold onto the handheld market with updated Game Boy consoles, and Nokia and BlackBerry tried their hands at integrating game apps into their phones.
But it was Apple’s iPhone that solidified the transition of gaming to a mobile platform. The company’s release of the App Store for its smartphones (followed closely by Google’s own store for Android devices) paved the way for app developers to create free, paid, and pay-per-feature games catered to a mass market.
Now, everyone has their eyes on that growing $85 billion mobile slice of the gaming market, and game companies are starting to heavily consolidate.
Major Gaming Acquisitions Since 2014
|Date||Acquirer||Target and Sector||Deal Value (US$)|
|Apr. 2014||Oculus - VR||$3 Billion|
|Aug. 2014||Amazon||Twitch - Streaming||$970 Million|
|Nov. 2014||Microsoft||Mojang - Games||$2.5 Billion|
|Feb. 2016||Activision Blizzard||King - Games||$5.9 Billion|
|Jun. 2016||Tencent||Supercell - Games||$8.6 Billion|
|Feb. 2020||Embracer Group||Saber Interactive - Games||$525 Million|
|Sep. 2020||Microsoft||ZeniMax Media - Games||$7.5 Billion|
|Nov. 2020||Take-Two Interactive||Codemasters - Games||$994 Million|
Console makers like Microsoft and Sony are launching cloud-based subscription services even while they continue to develop new consoles. Meanwhile, Amazon and Google are launching their own services that work on multiple devices, mobile included.
After seeing the success that games like Pokémon Go had on smartphones—reaching more than $1 billion in yearly revenue—and Grand Theft Auto V’s record breaking haul of $1 billion in just three days, companies are targeting as much of the market as they can.
And with the proliferation of smartphones, social media games, and streaming services, they’re on the right track. There are more than 2.7 billion gamers worldwide in 2020, and how they choose to spend their money will continue to shape gaming history as we know it.
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