The tremendous 5G rollout continues to make lofty promises.
Massive job growth and indeed high GDP growth within the United States. According to recent reports, 5G will add $1.7 trillion to the US GDP over the coming decade. Along with an estimated 3.8-4.6 million jobs. The vast 5G infrastructure projects have secured their own mass investment, and also enable tremendous transformations across the entire economy. Some estimates show by 2035 5G generating up to $17 trillion to the entire global economy. This is astounding.
Allowing swathes of new industries to reach initially the main urban and suburban areas of the US, followed by the less densely populated segments of the country. Healthcare, manufacturing, advancements of autonomous vehicles and smart homes, entertainment, new agricultural technologies. IoT, Robotics, 5G enabled banking, A.I all require the power of a superb 5G infrastructure. Such sectors are all considered “growth” markets and will directly benefit from 5G.
5G is able to deliver more information for the same amount of power giving longer battery life to mobile devices. Network efficiency is up to 100X more optimal than 4G. Data transmission is just one key component to the foundation of 5G. Estimates suggest by just 2030 there will be at least 120 billion connected devices, or 15 devices per person all requiring 5G.
Early deployment of 5G is already well under way in the US amongst crucial areas such as – developing data and cloud centers especially with cloud gaming and VR users in mind. Installation of 5G radios that use DSS allowing the sharing of 4G and 5G on the same spectrum. Upgrading and expansion of the back haul to the core network. This is only the first phase and the second phase is already taking place.
By phase three we will see ultra low latency and vastly enhanced security features. Opening the way for Smart traffic control. Allowing further enhancement of autonomous driving, VR and AR. Changing travel and bringing new generation of data infrastructure.
These are only a few benefits of the new booming 5G infrastructure rollout. 5G remains an integral part of the portfolio. And will be a major future player in growth to come.
We are also excited about another new area of growth and investment that 5G just now begins to brings us, a new era “Smart city” developments.
