5G mobile technology will, like electricity or the automobile, benefit entire economies and benefit entire societies. This is because the global 5G standard (5G New Radio) will advance mobile from largely a set of technologies connecting people-to-people and people-to-information to a unified connectivity fabric connecting people to everything. 5G has the potential to elevate the standard of living across the globe. According to a study conducted by IHS, 5G is expected to bring in 13.2 trillion dollars of economic output and support up 22.2 million jobs by 2035*.
In order to access the benefits of 5G, governments and regulators that support policies to release the right amount and type of spectrum can secure next-generation wireless communications systems and infrastructure to the benefit of their citizens and industries.
In general, 5G use cases can be broadly categorized into three main types of connected services:
See our policy position on spectrum to learn more spectrum release for 5G.
Download IHS 5G Economic Impact Study here