GSMA: By 2030, 5G will contribute more than $600 billion to the global economy

On February 24, the 2021 Mobile World Congress Shanghai Exhibition with the theme of "Harmony and Coexistence" opened at the Shanghai New International Expo Center on the 23rd.

During the conference, the GSMA think tank released three reports: "China Mobile Economic Development Report 2021", "China 5G Vertical Industry Application Cases 2021", and "Application Cases of Artificial Intelligence Empowered Security". Among them, the "China Mobile Economic Development Report 2021" predicts that by 2025, China's 5G connections will exceed 800 million, providing a range of products and services for individual consumers and the wider economy.

GSMA research indicates that by 2030, 5G upgrades and the new services they bring will contribute more than $600 billion per year to the global economy. This will account for about 2.1% of the expected revenue growth across all industries and sectors over the next decade.

In addition, the report said that the benefits of 5G in the next decade will be concentrated in manufacturing, services and retail industries. These industries will contribute nearly one-third of the $600 billion in new global economic growth.

5G technology not only has many highlights in the consumer field, but also has great value for the B-side industry. With the full commercialization of 5G, it will bring changes to many industries.