The telecom industry’s networks have evolved since the initial promise of 5G attracted the attention of corporate leaders, policymakers, and the media. But how much of that promise is likely to be fulfilled in the near future?
With the first true high-band 5G networks already operational, McKinsey set out to obtain a realistic understanding of how and where connectivity may be implemented, as well as what it could enable over the next ten years. However, 5G is not in a telco vacuum and will soon be used by other industries to enable their own disruptions.
Connected World: An Evolution in Connectivity Beyond the 5G Evolution (PDF-10.3MB) is a new discussion paper that takes a broader look at everything from fiber and satellites to Wi-Fi and short-range technology.
To illustrate what is possible, this research looks at how connectivity could be deployed in mobility, healthcare, manufacturing, and retail. The use cases McKinsey identified in these four commercial domains alone could boost global GDP by $1.2 trillion to $2 trillion by 2030[1]. This implies that the value at stake will ultimately run trillions of dollars higher across the entire global economy.
References
[1] Connected world: An evolution in connectivity beyond the 5G revolution – https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/connected-world-an-evolution-in-connectivity-beyond-the-5g-revolution
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