According to a new report ‘The Mobile Economy 2020’ by GSMA Intelligence, the research and consulting arm of the Global System for Mobile Communications (GSMA), 5G is forecast to contribute $2.2 trillion to the global economy by 2034, with key industries such as manufacturing, utilities, and professional and financial services benefitting the most from the new technology.
5G has gained significant traction over the past year and is now live in 24 markets worldwide, supported by an expanding roster of 5G devices and growing awareness among consumers. The Report also states that 46 operators in 24 markets have launched commercially available 5G networks by January 30, 2020. One in five mobile connections is forecast to be running on 5G networks by 2025.
“The mobile operator worldwide investment forecast will be more than a trillion dollars over the coming years, focused on rolling out advanced networks to serve both consumer and enterprise customers,” said Mats Granryd, Director General of the GSMA.
“Over the last 12 months we have seen the 5G ‘hype’ make way for reality: millions of consumers are already migrating to 5G, while enterprises are beginning to embrace 5G-enabled network slicing, edge computing and low-latency services.”
