Trends in Communication Tech: Wi-Fi 7, 5G Advanced, 6G & More

Vanessa Cook

July 2024

The world is experiencing an exponential jump in data creation, and when combined with rising complexity and more data-heavy applications, mounting pressure will be placed on existing communication technologies and require the adoption of new ones.
Here, we discuss four such evolving technologies that have the potential to address the challenges ahead: miniaturized satellites, Wi-Fi 7, 5G Advanced and 6G.
Bank of America Institute's 'Next Gen Tech' series explores 30 breakthrough technologies across artificial intelligence (AI), computing, robots, communication, healthcare, energy and mobility, that are about to alter our lives. Join us as we discuss what's next on the tech horizon.

Read our full analysis for a more in-depth look at these trends.

This publication is part of Bank of America Institute’s ‘Next Gen Tech’ series – focused on sharing 30 breakthrough technologies that will transform the world. Each week, we’ll highlight one of seven categories (artificial intelligence, computing, robots, communication, healthcare, energy and transport), and share advancements within each, so stay tuned for more.

See more from our Next Gen Tech Series

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Amidst the strong labor market, job-to-job moves have moderated and the pay raises for moving jobs have dropped.

Wage and spending are strong in the West, likely boosted by AI investment and tourism, but headwinds may weigh on future growth.

Although wage inflation and payroll costs have eased, rising rent, especially in the West, puts pressure on small businesses.