OnQ Blog
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