Tuesday 28 May 2019

5G and the impact it will make to the global economy Part 2: The impact to the global economy


Economic impact 

5G is set to have a profound effect on countries' economic performance and GDP. Below is the projected regional impact of 5G by 2034.



5G will improve business operations, enhance customer communications and create new applications opportunities. Some of the more likely business use cases and target users for 5G in selected industries are seen in the table below:-




Reference:
1. The WRC series: Study on Socio-Economic Benefits of 5G Services Provided in mmWave Bands; and

2.Impacts of 5G on productivity and economic growth by the Department of Communication and the Arts of Australia and Bureau of Communications and Arts Research






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