The 5G Economy

5G will lift mobile into a technology that changes the world.

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.

Enabling a broad set of industries.

In 2035, when 5G's full economic benefit should be realized across the globe, a broad range of industries - from retail to education, transportation to entertainment, and everything in between - could produce up to $13.2 trillion worth of goods and services enabled by 5G mobile technology.

Supporting a thriving value chain

The 5G mobile value chain alone could generate up to $3.6 trillion in revenue in 2035, and support up to 22.3 million jobs.

Driving global GDP growth

Over time, the total contribution of 5G to Real Global GDP growth is expected to be equivalent to a country the size of Italy. Italy currently ranks as the eighth largest economy in the world.

5G will be the platform for invention.

Across the board, people truly believe 5G mobile technology will bring new opportunity. Most believe it will enable new products and services that have yet to be invented, increase productivity, allow for new industries to emerge and make education more accessible. 

Download PSB public survey report 

 

91%

Expect new products and services that have yet to be invented

89%

Expect increased productivity

87%

Expect industries to emerge

83%

Expect small business growth and more global competition

Research: The Economic Impact of 5G

Feb 23, 2017

1:38

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