Amid the ongoing economic fallout from the global pandemic — and the prospect of a major federal infrastructure package that could include historic levels of telecom network investment — a new CTIA report touts 5G as a jobs and GDP powerhouse.
The report by Boston Consulting Group estimates that 5G deployment will contribute $1.4 trillion to $1.7 trillion to U.S. gross domestic product over the next 10 years and create 3.8 million to 4.6 million jobs during that period. That estimated growth covers both direct infrastructure investment and deployment of the networks (about 30% of the total) as well as indirect growth in jobs and revenues as 5G enables innovation in other industries (about 70% of the total).
