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The positive impact of the Fourth Industrial Revolution and its related emerging technologies will be fully realized through the wide-scale deployment of 5G communication networks in combination with other connectivity solutions. The key functional drivers of 5G will unlock a broad range of opportunities, including the optimization of service delivery, decision-making, and end-user experience. This will result in $13.2 trillion in global economic value by 2035, generating 22.3 million jobs in the 5G global value chain alone.
To better understand how to realise this large estimated economic output potential, PwC collaborated with the World Economic Forum on a new report, which proposes a bottom-up approach analyzing 40 use cases that identified key industrial advances and social impact areas in addition to the main functional drivers of 5G and the required maturity levels of these drivers. Additionally, it maps the 5G ecosystem to identify its components, its stakeholders and interdependencies, and the actions needed to accelerate 5G deployment and fully realize the potential.
“5G will be critical because it will enable unprecedented levels of connectivity, upgrading 4G networks with five key functional drivers: superfast broadband, ultra-reliable low latency communication, massive machine-type communications, high reliability/availability and efficient energy usage.”
Partner, Global Cities and Local Government Leader, and Global Smart Mobility Co-Leader, PwC Middle East