- 5G is fueling worldwide expansion.
When and in what ways will 5G impact the world economy?
5G is fueling worldwide expansion.
In the next 15 years, the global economy will produce $13.1 trillion, create 22.8 million new jobs, and spend $265 billion on 5G CAPEX and R&D.
We discovered through a groundbreaking analysis on the 5G Economy that the full economic impact of 5G will likely be felt globally by 2035, supporting a variety of businesses and potentially enabling up to $13.1 trillion in products and services.
In comparison to prior network generations, this influence is substantially bigger. The new 5G network’s development requirements are also extending beyond of the traditional mobile networking companies to sectors like the automobile industry.
According to the report, the 5G value chain (which includes OEMs, operators, content producers, app developers, and consumers) may sustain up to 22.8 million jobs on its own, or more than one job for each person living in Beijing, China. Furthermore, there are a lot of new and emergent applications that will still need to be described in the future. The complete “5G effect” on the economy won’t be known for some time.
According to the report, the 5G value chain (which includes OEMs, operators, content producers, app developers, and consumers) may sustain up to 22.8 million jobs on its own, or more than one job for each person living in Beijing, China. Furthermore, there are a lot of new and emergent applications that will still need to be described in the future. The complete “5G effect” on the economy won’t be known for some time.
