5G Has Arrived…Canada…
5G has made large strides in Canada. That is just an understatement. The three largest carriers in the country have now made it widespread and readily available to the hardware that can actually sustain 5G capabilities. The Apple cellular product owners, you are the first ones to walk in this new world. It’s not as exciting as walking in space, or skydiving…But listen, access to the internet and the world of connectivity just got more interesting.
WHAT ARE THE STATS ON 5G SO FAR?
Covid-19 happened. That’s the long story short. COVID-19 left people in a state of disconnect and now that gap is being covered with 5G. Let’s take a minute to understand what was just said. “5G wireless technology is meant to deliver higher multi-Gbps peak data speeds, ultra low latency, more reliability, massive network capacity, increased availability, and a more uniform user experience to more users. Higher performance and improved efficiency empower new user experiences and connects new industries.” That is what 5G developing industry leader Qualcomm has to say about the technology. 5G is a big boost to the IOT industry. When it comes to transferring large amounts of data on a short transmission or long transmission, 5G takes the lead. Countries like Canada, USA and multiple European nations have adopted this amazing form of technology. So why this industry? and what value does it pose? Let’s have a look by the numbers! The 5G Industry produces
• $13.1 Trillion dollars of global economic output
• $22.8 Million new jobs created
• $265B global 5G CAPEX and R&D annually over the next 15 years
That’s not all. Take a look at this infographic from an IHS analysis that breaks down the economical benefit of 5G itself.
CAN YOU IMAGINE? These numbers surpass the GDP of some countries. Extraordinary to say the least.
IS THE 5G EFFECT EVEN THAT BIG?
Let’s take an example on the scale of two major countries in the world of technology, nearly half (49.2%) of users with 5G devices in the USA are connected to 5G most of the time. Lets have a look at the USA’s neighbours where 5G users in Canada, on average, spent between 8.2% and 8.7% of their time connected to 5G. It is safe to say that adoption is taking to the masses. We cannot deny that the positive effects of 5G are rolling over and over into the realm of technology. Given the rise of drone delivery, active video communications between phone users, heavy bandwidth usage etc.
LETS TAKE A LOOK AT THE TRUE IMPACT ON SUPPLY CHAINS AND WORLD ECONOMIES THROUGH 5G EYES.
As we enter the Post COVID-19 era where the world is looking to technologies to accelerate the recovery phase, 5G enables the value chain, sales enablement and associated R&D. What do I mean by that? Lets have a look shall we?
VALUE CHAIN
Statistics now point that the 5G value chain will generate $3.8 trillion of gross output and support 22.8 million new jobs by 2035. Moreover, the seven countries will account for nearly 84% of the contribution to global 5G-related gross output and over 88% of the contribution to new employment. While also 5G-related investment (both CAPEX and R&D) from 2020 through 2035 by firms that are part of the 5G value chain within just seven countries (China, United States, Japan, Germany, South Korea, France, and United Kingdom) will average over $260 billion annually.
The Value chain doesn’t end here, lets look at an infographic for more information on this…
This infographic is indicitive of the Global market. If that doesn’t show you how much economic value this sector alone has generated and will continue to generate post COVID-19 then lets have a look at Sales Enablement.
SALES ENABLEMENT
Deals enablement alludes to the extra deals that organizations across essentially all industry areas will acknowledge by taking advantage of the special abilities of 5G (over and past existing 4G) to work on their executional proficiency, extend their capacity to arrive at clients, and make interesting item or administration contributions in terms of product offerings.
Enhanced Mobile broadband (eMBB) use cases will use 5G’s drawn out cell inclusion and further developed limit. By coupling 5G’s low power necessities with its capacity to work in authorized and unlicensed range, Massive Internet of Things (MIoT) use cases will bring drastically more scale and adaptability to machine-to-machine and Internet of Things applications. The mix of high dependability, super low inactivity availability, and solid security will be signs of Mission Critical Services (MCS) use cases. 5G will empower deals to both end clients (last labor and products) and
makers (middle labor and products). Studies gauge that, by 2035, every one of the three classes of applications will create generally equivalent degrees of deals enablement (in overabundance of $4 trillion each for an aggregate of just more than $13 trillion).
Don’t believe it having a global impact? Sure, lets take it specific segments of the market.
These impacts are miniscule in terms of industries but mass up to become a driver in the field of 5G impacted GDP’s.
CONTRIBUTION TO THE GLOBAL GDP
We need not discuss rather than just show you the effect using a handy graphic. But let’s dive into the statistics a little bit. Based on its proprietary Global Link Model, IHS Markit analysts estimate that the net contribution globally through 2035 (in net present value terms) will amount to about $2.3 trillion in constant 2016 US dollars — roughly the same as France’s current GDP. This is 2016 studies based information. Current estimates are doing double these numbers now due the Post COVID rollover period of recovery. We are in for a global ride of 5G.
LET’S EXAMINE SOME STATISTICS FROM GLOBAL CONSULTING FIRM ACCENTURE
There are many industries that have been impacted positively by the rise of 5G and according to a benefits study of the market by Accenture, the numbers speak for themselves. Some of the industries include manufacturing, automotive, healthcare and agriculture. These statistics are the impact of 5G during the COVID-19 pandemic in North America.
- 20%- 30% potential overall productivity gains
- 50% improvement in assembly efficiency
- 20% increase asset life
- 90% defect detection
- 80% reduction of vehicle accidents
- $3.6 billion savings in repair costs
- 25% reduction in traffic
- 30% cost savings in transition to remote-home based models
- Improved connectivity and digitization can yield up to 25% increased productivity
- 30% decreased inputs, 20% decreased costs
- 15% increased crop yields
(Stats Provided By Accenture).
SUSTAINABILITY WITH 5G
Technology can be of benefit to the environment as much as it really helps users accelerate their daily uses.
o Eliminating Emissions.
o Reduces Pollutions.
o Increases Energy Efficiency.
The graphic below narrows down the specifics of 5G benefits. Some of the sustainability benefits are narrowed down to carbon emissions control, 5G usage in drones to eliminate pesticide use, intelligent traffic and transportation systems as well as Massive Internet Of Things devices as well.
