5G mobile – enabling businesses and economic growth
5G is an improved mobile network technology that will open up more flexibility and use cases for a broader range of industries. Deloitte Access Economics has analysed the benefits and impacts of 5G for the Australian Mobile and Telecommunications Association (AMTA).
5G is the next generation of mobile networks. More than an upgrade, 5G will complement the broader network ecosystem, working with the latest mobile networks, and broadband infrastructure to create more seamless connectivity.
Every previous generation of mobile telecommunications networks has brought significant gains – from 3G, which enabled faster web browsing on mobile devices to 4G supporting mobile apps and streaming. 5G is set to facilitate the continued growth of the digital economy by supporting better experiences for individuals, businesses and industries, and facilitating advanced use cases.
5G will continue to improve the mobile experience for consumers. However, one of its major benefits will be in how it can be leveraged by industry. It will support commercial use cases in a range of industries: examples include driverless cars in transport, and virtual and augmented reality in education and health care.
Deloitte Access Economics has analysed the benefits and impacts of 5G for AMTA. The analysis found investment in 5G will be of national economic significance:
- It is estimated that annual network spend by mobile network providers could be worth $5.7 billion in FY 2017-18, with much of this going towards investment in spectrum, infrastructure deployment and site design. This number is likely to grow further as operators invest in building 5G networks over the next few years
- 5G will add to the already significant (and growing) $34 billion long-term productivity benefits from mobile technology estimated under 4G networks in 2015.
Published: October 2017