Perseverance in technological innovation is contributing to a timely economic recovery and will continue to drive prosperity in a post pandemic era. 5G is vital to this evolution. 5G advances mobile from connecting people-to-people and people-to-information, to a unified connectivity fabric connecting people to everything.
IHS analysis shows the integral role 5G will take on in the global economy in terms of sales enablement across all industries, and 5G-value chain related output and jobs by 2035.
Enabling a broad set of industries.
The growth trajectory of sales enabled by 5G remains virtually unchanged, reaching $13.1T in 2035, despite the downshift in the long term growth trajectory of the overall global economic output caused by the pandemic.
Jobs supporting a thriving value chain.
5G-enabled job growth is forecasted to be greater than previously expected - up from 22.3 to 22.8M by 2035.
Driving global GDP growth.
Global 5G CAPEX and R&D is up 10.8% from last year's forecast to $265B annually over the next 15 years.
*“The Impact of 5G on the European Economy” Accenture Strategy, February 2021
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