Different industry sources have varying estimates regarding 5G’s overall impact through its use in the future. Hence, it is essential to develop a mechanism to evaluate the quantified impact of each 5G use case on the economy, society and the environment.
When coupled with technology solutions such as the Internet of Things (IoT), artificial intelligence (AI) or big data, 5G holds the potential to deliver large-scale societal value. A study conducted by Tech4i2 indicates that 5G will support 137,000 jobs in Switzerland alone and create economic output of 42.4 billion Swiss francs by 2030. According to a European Commission Study conducted in 2016, the potential economic output of 5G is estimated to be ₹141 billion with 2.3 million jobs created in the 28 member states of the EU.
While significant research validates the macroeconomic potential of future networks, a wide range of socioeconomic benefits that 5G enabled applications could provide and that will increase the demand for 5G networks are not being fully considered at the use-case level.
From ‘The Impact of 5G: Creating New Value Across Industries and Society’, PricewaterhouseCoopers
