Following a decade of tech-sector dominance investors should look at different options for the next big thing in the stock advisory. Since 1973, sectors that led the market over a complete decade had close to just an 8% chance of repeating that performance in the coming decade, according to various banks. Such sectors also had a 25% possibility of becoming one of the two worst-performing sectors over the next 10 years. If the trend continues this year, it may be time for investors to look up to different options than tech and consumer discretionary stocks and see for a new market front runner, according to the world’s largest wealth manager. If the last decade had been about investing in the technology sector, we should think the next decade will profit from investing in the disruptors in sectors witnessing the technological transformation.
Here are the possible four subsectors as possible market leaders over the next decade. The 5G wave The launch of the first 5G-capable iPhones demonstrated a new phase of expansion for the new communication technology. In the coming times, more people will have access to 5G technology than ever before, and various kinds of businesses may leverage faster connections to transform over the next decade.
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Enablers of the 5G technology rollout will be the first amongst all to benefit. Companies that build and install the 5G towers will enjoy at least a 1900% jump in 5G capital spending over the span of the next five years. Due to this smartphone producers will also thrive in the coming times. Once 5G becomes the new norm, firms that can build novel use cases will present alluring investment opportunities. Automatic-driving augmented and virtual reality, big data analytics, telesurgery, automation, and artificial intelligence applications are just a few of the industries likely to expand more in a 5G-enabled economy. Changing how we pay The covid-19 pandemic accelerated a change to online payments and e-commerce,
