5G economic impact
5G is the world’s next technological breakthrough and hugely significant upon the American economy. In this report, we examine the economic benefit driven by 5G.
Our economic modeling analysis shows the impact of 5G on the US economy from 2021-2025 in several ways:
5G labor effect
5G will generate significant employment throughout the economy, creating 10% more jobs that were available throughout the entire 2019 economy. A mix of part- and full-time jobs, in many sectors these jobs represent high-quality employment at prevailing wages, and industries.
5G industry transformation
5G can offer rich bi-directional communications, 1000 times more connections for sensors and devices, and ultra-reliable sub-millisecond response.
These capabilities enabled by 5G drive a variety of use cases, paving the way for the economy to realize the cross-industry benefits of magnified connectivity. These innovations impact trillions of dollars.
5G shapes key industry use cases and drives significant outcomes for companies and humans, alike.
5G acceleration opportunities
The benefits of 5G are immense, but require critical mass of network deployment, R&D and production of new devices across industries, along with significant investment from every major sector in the U.S. economy. There are prominent opportunities to accelerate this benefit, securing America’s role as a 5G leader: