How 5G impact the world economy
In the next 15 years, $22.8 million in
new jobs will be created, $13.1 trillion in economic output will be generated,
and $265 billion will be spent on 5G CAPEX and R&D worldwide. Supporting a
variety of businesses and potentially enabling up to $13.1 trillion in products
and services.
In comparison to prior network
generations, this influence is substantially bigger. The new 5G network's
development requirements are also extending beyond the traditional mobile
networking companies to sectors like the automation industry. According to the
report, the 5G value chain which includes OEMs, operators, content producers,
app developers, and consumers may sustain up to 22.8 million jobs on its
own, or more than one job for each person living in Beijing, China.
Furthermore, there are a lot of new and emergent applications that will still
need to be described in the future. The complete "5G effect" on the
economy will not be known for some time.
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