Press Note
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.
Industry Impact
68€ Billion net benefit
10€ Billion net benefit
54.5€ Billion net benefit
29€ Billion net benefit
5G action plan review for Europe.
Read the full report from Analysys Mason and learn about how 5G will transform Europe’s economy.
Discover the advantages of Qualcomm’s 5G mobile technologies and solutions.
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