The 5G value chain will be generating up to $3.5 trillion in revenue in 2035, supporting as many as 22 million jobs, said a study by Qualcomm Technologies.
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5G will boost real global GDP growth by $3 trillion cumulatively from 2020 to 2035.
Over 90 percent of the more than 3,500 respondents agreed that 5G will enable new products, services and use cases that have not been invented yet.
In 2035, when 5G’s economic benefit should be realized, 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.
Qualcomm Technologies commissioned the 5G study called 5G Economy, examining the potential economic and social impact of 5G. The 5G study was conducted jointly by research firms IHS Markit, PSB and economist Professor David Teece.
5G will catapult mobile into the exclusive realm of General Purpose Technologies, like electricity and the automobile that provide the foundation for massive innovation, give rise to new industries and benefit entire economies.
