OnQ Blog
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 cauused 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 over the 15 years.
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 Accenture analysis takes an immediate perspective as 5G connectivity accelerates in the United States and Europe between 2021 and 2025. Each industry will be uniquely transformed. 5G will impact industries creating new products and revenue streams.
*“The Impact of 5G on the European Economy” Accenture Strategy, February 2021
U.S. regional focus: Highlights of 5G’s economic impact through 2025
Feb 22, 2021
1:28
Europe regional focus: Highlights of 5G’s economic impact through 2025
Feb 22, 2021
1:28
Key Report Findings: 5G Resilience During a Global Pandemic and Impact on the Global Economy through 2035
Nov 17, 2020
14:00
Discover the advantages of Qualcomm’s 5G mobile technologies and solutions.
.
.
©2021 Qualcomm Technologies, Inc. and/or its affiliated companies.