What is the global implications of 5G to consumers?

The key functional drivers of 5G will unlock a broad range of opportunities, including the optimization of service delivery, decision-making, and end-user experience. This will result in $13.2 trillion in global economic value by 2035, generating 22.3 million jobs in the 5G global value chain alone .

Faster transfer of data, lower latency, reduced congestion and increased connectivity are just some of the improvements 5G will bring. According to GSMA, in 2018, mobile technologies and services generated US$3.9 trillion of economic value which equates to around 4.6 per cent of GDP.

Three-fourths also acknowledge 5G’s potential to boost productivity for their business . Closely related to productivity gains is the ability to increase business efficiency through more detailed monitoring of operations and assets.