5G will lift wireless broadband into a technology that changes Australia and the World
5G broadband technology will, like energy or vehicles, benefit entire economies and societies in Australia and the World. This is because the global 5G standard (5G New Radio) will advance mobile and broadband from largely a set of varying technologies that connect people-to-people and people-to-information, to a new unified connectivity fabric connecting people to everything.
Enabling high speed wireless broadband and mobile networks
The growth predictions of revenue enabled by 5G remains virtually unchanged reaching $13.1T USD in 2035. This is despite the downshift in the long-term growth trajectory of the overall global economic output caused by COVID19.
Increasing jobs for new 5G revenue streams and thriving value chains
5G is expected to enable job growth greater than originally expected from 22.3 to 22.8M over the next 15 years.
Driving Australian and Global growth
Global 5G CAPEX & R&D is up 10.8% from last years forecast to $265B annually over the next 15 years