Friday, March 19, 2021
The Accenture report, titled 5G accelerates economic growth, and published in February 2021, stated that the multiplier effects of 5G will be felt in every industry as new jobs create more new jobs. "5G has the potential to create or transform up to 16 million jobs across all sectors of the economy, which includes full-time, part-time and temporary jobs," Accenture researchers wrote. "U.S. economy will drive up to $2.7 trillion in additional gross output (sales) growth. 5G will add up to $1.5 trillion to the U.S. GDP, larger than the annual GDP of 94% of world economies."
Data analysis from HighSpeedInternet.com, based on a survey of 1,000 Americans, reported that next-generation, 5G-enabled Apple iPhone 12 and Samsung Galaxy S21 are driving mainstream adoption in the United States. A majority of respondents, who were located in all 50 states and ranged in age between 16 and 54, saw improvement in speed since upgrading devices, according to HighSpeedInternet.com researchers.
HighSpeedInternet.com researchers additionally noted that 48 percent of U.S. consumers use a 5G-capable device, and 69 percent of those consumers purchased the device within the last three to six months. Following are additional survey highlights:
A copy of the report is available at: www.highspeedinternet.com/providers/5G/#survey
Accenture researchers touted 5G as "the world’s next technological breakthrough," stating that it will be significant for the American economy and citing the following transformative benefits:
A copy of the Accenture report is available at www.accenture.com/us-en/insights/high-tech/5g-economic-impact
HighSpeedInternet.com researchers maintained that enabling 5G's transformative benefits would require a national 5G infrastructure. Noting that most 4G networks have average speeds of 30 Mbps compared to average 5G speeds of 47 Mbps to 500 Mbps, researchers acknowledged carriers have yet to reach the futuristic target of 10,000 Mbps.
"In comparison to 5G’s predecessors, 4G and LTE, networks that meet 5G standards deliver faster internet speeds with lower latency, making phones and other devices far more responsive to the demands of our interconnected world," HighSpeedInternet.com researchers wrote. "All major cellular networks, like Verizon and AT&T, are currently upgrading 4G networks to 5G across the country. The process will take several years but it could lead to some big changes in wireless communications and Wi-Fi."
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