Qualcomm and Ericsson have partnered with Analysys Mason to model the economic benefits full 5G deployment will bring to industry and public services across Europe. The report, titled 5G action plan review for Europe provides a cost-benefit Analysys by both region and market segment, recommending targeted private and public sector investment and policy change to drive the most value. It has estimated that 5G as an open innovation platform could add 210€ billion in benefits to the continent provided these strategic investments and policy changes are met.
Our modelling indicates that, as a total ‘open innovation platform’, 5G networks in Europe can deliver 210€ billion in benefits at a cost of 46€ billion. This equates to a cost-benefit ratio of 4.5 benefit to cost.
We estimate that over 50€ billion in benefit can be delivered by upgrading our public services to take full advantage of 5G with less than 20€ billion of public funding.
68€ Billion net benefit
10€ Billion net benefit
54.5€ Billion net benefit
29€ Billion net benefit
Part 2 - June 2021
Status, costs and benefits of 5G mmwave deployments in Europe.
A new study by Analysys Mason, co-sponsored by Qualcomm and Ericsson, confirms a significant net economic benefit to deploying 5G. This analysis builds on earlier studies and finds that for each usage examined such as smart factories and connected vehicles, the estimated benefit is between 5 and 20 times greater than the estimated cost.
5G’s advanced connectivity provides ultra-high speeds, low latencies and strong security thanks to its reliance on multiple millimetre (mm) wave spectrum at low, mid and high frequencies. The full benefits from deployment stem from using 5G mmWaves primarily together with 3.5GHz and other existing mobile spectrum notably 26GHz in Europe, but also standalone, across a wide range of uses for outdoor or indoor coverage. 26GHz is a particularly valuable resource for these mobile networks due to its ready availability.