2018 is about to end. However, 2018 added a lot of new technology innovation and upgradation in all over the world, thus enhancing the way on thinking and boost the vision of everyone and improving world GDP. 5G is considering one of the major achievement so far. It benefits all our the world beyond of their thinking as it minimizes the time of doing anything at the internet due to more significant and fastest speed experience.
In this world people always talk about the time and money so what would you think if one single thing is giving a full package? Off curse, that thing will be appreciated and praised by everyone. 5G is offering the same thing to all its user. Timing saving as well as a source of revenue and as a source of world GDP.
Anything before implementation is checked from every aspect, for instance; it should be user-friendly, environmentally friendly, how many maximum numbers of users can take advantage from it as well as how it cost and how much revenue will come.
5G shows amazing results and covering all the aspects. You will get in shock after seeing the result and research made on 5G. US$ 565 billion dollars in the global gross domestic product (GDP) and this does not end it will also be a source of significant income tax with US$ 152 billion from 2020 to 2034 reported by GSMA. This figure can be changed as these are much depended upon government decisions.
Let’s have a tour at most developed countries expected GDP concerning 5G.
Asia-Pacific And United States Of America (USA)
No doubt in that America is considered as pioneer country who welcomes 5G as commercial use, under the umbrella of Verizon. Almost more than five cities in America is using 5G technology. According to reports of socio-economic benefits of 5G America will add US $190 billion in world GDP. Asia-Pacific regions are also no behind by contributing US $ 512 billion in world GDP by the use of mm-Wave of 5G.
Europe- The Apple Of Eye For Every Businessperson
Europe being an always developed welcome new things, innovations, and modern technology. According to expats, research and report by GSMA Europe will attribute with 2.9 % of GDP which is a significant number for 5G mm-Wave.
Sub-Saharan African Region-$ 5.2 Billion
The sub-Saharan region is showing their keen interest in communication. They made very much progress and invested much money in the infrastructure of telecommunication. For the long-term perspective they will welcome the 5G technology, but now at present, they are happy with 4G technology. According to sub- the Saharan region from 2026 to onwards they will use 5G technology and till that they keep trying to fill the time and technology gap with the help of 4G. The sub-Saharan African region will try to be the part of 5G mm-wave with $ 5.2 billion in world GDP.
Last But Not The Least
A significant objective/goal consists of small targets. 5G will not only adds billion of the dollar in world’s economy but also will be a significant source of research and development (R&D), telemedicine, educations and satellite-based personal communications due to its high speed with minimum or almost negligible noise rate. For the implementation of 5G technology, 5G devices will be manufactured across the world thus improve employment ratio, more revenue and living standard will be rise.
The most important is that choosing of spectrum for 5G. Moreover, GSMA suggests 66-71GHz, 26 GHz, 40GHz bands for mobile phone.