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5G will have socio-economic impact of $2.2trillion in 15 years

The GSMA Intelligence today predicted that the socio-economic impact of 5G will be $2.2 trillion over the next 15 years, with key sectors such as manufacturing, utilities and professional/financial services benefiting the most from the new technology. The body, which represents the interests of mobile operators worldwide, uniting more than 750 operators with over 350 […]


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The GSMA Intelligence today predicted that the socio-economic impact of 5G will be $2.2 trillion over the next 15 years, with key sectors such as manufacturing, utilities and professional/financial services benefiting the most from the new technology.





The body, which represents
the interests of mobile operators worldwide, uniting more than 750 operators
with over 350 companies in the broader mobile ecosystem, added that, by
2025, 5G is also forecast to account for around 30 per cent of connections in
markets such as China and Europe, and around half of the total in the US.





 This is a crucial time in the development of 5G. Spectrum is essential fuel
for mobile networks and its ineffective use will only lead to bad consequences
for consumers. The most important objective of awarding frequencies should not
be about making the most money, but rather about ensuring consumers benefit from
the best mobile connectivity,   said Brett Tarnutzer, Head of Spectrum, GSMA.





Timely, fair and effective spectrum awards are key to delivering the full
potential of 5G. Early movers include Finland, Italy, Spain, South Korea,
United Arab Emirates, and the United Kingdom who became amongst the first to
award 5G spectrum last year. The number of countries who have assigned vital 5G
spectrum is rapidly increasing this year, with Austria, Canada, Denmark,
Germany, Hong Kong, Japan, Saudi Arabia, Switzerland and the USA is already
completing awards. More than 10 countries have announced further plans to
assign spectrum in 2019 including France, India, Mexico, Greece and
Romania. 


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Source: 5G will have socio-economic impact of $2.2trillion in 15 years,Here On Furious Forum