5G cellular could have a bigger economic impact than expected, according to an IHS study sponsored by Qualcomm. The report comes at a time when carriers are racing to test 5G prototype products and standards are still in development.
5G could enable as much as $12.3 trillion in goods and services in 2035 when its full effects are realized, the 5G Economy report said. By that time, companies developing 5G products and services could generate $3.5 trillion in revenue and 22 million jobs. The so-called 5G value chain will spend as much as $200 billion a year building 5G products and services.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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