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5G will generate $7 trillion worth of economic value in 2030, finds new State of 5G Report
New research from InterDigital and ABI Research provides an insider’s view into the dynamics of the 5G ecosystem and the decisions and innovations that shape
About this update from Interdigital, Inc.
[{"type":"text","content":"New research from InterDigital and ABI Research provides an insider’s view into the dynamics of the 5G ecosystem and the decisions and innovations that shape future generations of wireless\nWILMINGTON, Del., Aug. 18, 2022 (GLOBE NEWSWIRE) -- 5G is set to generate $7 trillion of economic value in 2030, as it fuels a proliferation of connected devices from smartphones to consumer electronics to enterprise applications and beyond. This is one of the key findings in a new report released today by InterDigital, Inc. (NASDAQ: IDCC), and written by ABI Research. The State of 5G Report: Enabling the Boundless Generation explores what’s next for 5G, what new types of advanced applications it will enable in the future, and what the mobile industry can do to support development in both the consumer and enterprise domain. The report examines the expectations of telecom operators and brings into focus 5G as a necessary capacity booster for cellular networks, as operators look to capitalize on the latest generation of cellular technology to maintain and grow their profitability. The report discusses the impact 5G is likely to have on the evolution of the mobile industry, particularly as it continues to enable new innovative services like AR/VR and immersive content. 5G is also starting to introduce advanced enterprise enabling features, including low latency, deterministic networking, and advanced Internet of Things (IoT) use cases, all of which are new in the mobile network domain. Industry stakeholders have expressed high hopes for the upcoming wave of 5G services, which will likely enhance productivity and efficiency through mobility, among other improvements. The report offers key insights in a variety of areas, such as: 5G would not be possible without contributions to 3GPP, the 3rd Generation Partnership Project. Comprised of seven organizational partners that are standards development organizations from North America, Europe, Japan, Korea, China, and India, 3GPP collaborates to produce global technical reports and specifications on how next generation networks should be built and implemented;The adoption of 5G is outpacing all previous generations of cellular technology in terms of subscription rate and operator rollout, and is gaining significant traction from enterprise verticals; ABI Research calculates that 5G will create $7tn wort...