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Benefits of 5G to significantly outweigh its costs
Mihai Cristea 16/12/2020 | 14:47
The implementation of 5G technology will deliver an additional EUR 210 billion across Europe, according to a study by Analysys Mason. The 5G-driven transformation of factories, agriculture, and suburban and rural areas will have the largest impact on GDP. More than EUR 50 billion in 5G-related benefit can be delivered for less than EUR 20 billion in public funding.
By Aurel Constantin
The potential economic value of full 5G as an “open innovation platform” could bring EUR 210 billion worth of benefits to Europe. The study “5G action plan review for Europe” conducted by Analysys Mason with input and funding from Qualcomm Technologies and Ericsson provides a cost-benefit analysis by region and by market segment, and recommends targeted public sector investment and policy change to drive the most value.
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