mmWave 5G success sets the stage for big benefits
Commercial 5G services are already here and the coming years will see more launches all over the world. Access to mmWaves is a must for the future potential of 5G, and the ability for innovative services to improve the lives of billions. Two new reports examine the socio-economic impact of mmWave 5G in detail for the first time.
The integration of the technology into our lives has the potential to impact communities and economies even more than previous generations. But not all 5G networks are equal; their performance is heavily reliant on the amount and type of spectrum made available by regulators and governments.
mmWave 5G use cases
One important part of this puzzle is access to mmWave spectrum. The use of this range in mobile networks is a chance to offer performance levels that haven’t been possible before. And it is something only the mobile ecosystem can offer. In the process, areas such as fixed broadband, industrial automation, health care, intelligent transport systems and virtual reality can all help improve economic prosperity in all parts of the world.
The first report, written by TMG, details the benefits it helps realise over a 15-year period, from 2020 to 2034. By the end of this period, $565 billion in global GDP and $152 billion in tax revenue will come from mmWave 5G services. That equals 25 per cent of the value created by 5G, an amount that countries which choose to ignore this opportunity risk missing out on. The report also breaks down the impact on a regional level.
The second report, also written by TMG, looks at the impact of mmWave spectrum on economies in Sub-Saharan Africa, South and South East Asia and the Pacific Islands, Latin America and the Caribbean, and the RCC region. It reveals how the benefits on mmWave 5G will be felt across industries and explores exciting new 5G use cases, including healthcare, industrial automation, education and connectivity.
None of these use cases will reach their full potential without access to mmWaves.
Access to mmWave 5G spectrum
The availability of mmWave spectrum got a big boost at the World Radiocommunication Conference in 2019. Delegates agreed to globally identify 26 GHz, 40 GHz and 66 GHz for IMT. The next step will be for regulators around the world to start licensing the spectrum.
The mobile industry knows how to maximise the positive socio-economic impact of spectrum resources. There are almost 9 billion mobile connections and over 5 billion unique subscribers. This has been possible thanks to a fruitful collaboration with governments and regulators. The arrival of 5G offers the opportunity to build on this success and usher in something even greater.