France aims to spend nearly €1.7 billion in its 5G market by 2025 through public and private investments, according to a 5G and future telecommunications plan announced by government ministers. The aim is to accelerate the development of 5G, particularly new use cases, to drive adoption and enhance the impact of the technology on other industries. This is expected to create 20,000 new jobs and help grow the value of the country’s 5G market to €15 billion by 2025.
Meanwhile, the European Parliament has adopted the Connecting Europe Facility (CEF) programme in the EU’s 2021–2027 budget, which will commit just over €2 billion to the funding of digital networks, particularly 5G, across Europe.
Realising the full potential of 5G requires considerable investment in both infrastructure rollout and applications development. Public funding for targeted projects will go a long way to complement the industry’s efforts around 5G. Mobile operators around the world will invest over $700 billion in 5G over the period to 2025, according to GSMA Intelligence’s forecast.