Qualcomm today announced a landmark study, The 5G Economy, examining the potential economic and social impact of 5G around the world.
The study says that 5G will bring mobile into the exclusive land of General Purpose Technologies, like electricity and the automobile, which provide the foundation for great and massive innovation, give rise to new industries and benefit entire economies of the world. This will happen as 5G advanced mobile from a set of technologies connecting people to people and information to a unified fabric connecting people to everything.
According to the study, 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 $12.3 trillion worth of goods and services enabled by 5G.
The 5G value chain itself is seen as generating up to $3.5 trillion in revenue in 2035, supporting as many as 22 million jobs. Over time, 5G will boost real global GDP growth by $3 trillion dollars cumulatively from 2020 to 2035, roughly the equivalent of adding an economy the size of India to the world in today’s dollars.
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