According to new research from BCG, in collaboration with CTIA, 5G deployment will contribute $1.4 trillion to $1.7 trillion to US GDP and create 3.8 million to 4.6 million jobs in the next decade. This growth will occur directly through infrastruc-ture investment and indirectly by enabling innovation that transforms all sectors of the economy.
All Regions of the US Will Benefit
5G will unlock benefits across the US and will reach broadly into densely populated cities and communities with lower population densities. Over time the regional effects of 5G will be far-reaching as innovation enables new use cases across all industries, from agriculture to manufacturing to health care.
Keeping 5G’s Rollout on Track
To bring these benefits to fruition, state, local, and federal governments must work to keep 5G’s rollout on track. That means policymakers, regulators, and the private sector should continue working toward additional licensed spectrum, particularly in the midband range, smarter and more efficient deployment policies, and a strong talent pipeline, focused on encouraging the upskilling of the workforce and attract-ing the best talent from across the globe.