Qualcomm and Ericsson collaborated with Analysys Mason to release the report "Evaluation of Europe's 5G Action Plan". The potential economic value of full 5G as an “open innovation platform” could add €210 billion to Europe’s revenue. The report found that Germany would have the highest overall net benefit of 38.5 billion euros, with an investment of 6 billion euros and a cost-benefit ratio (CBR) of 7.5. Switzerland would have the highest CBR of 14.7, with an investment of just 700 million euros resulting in a net benefit of around 10 billion euros. At the use case level, the economic benefits with the greatest impact on European GDP come from smart factories, agriculture and FWA (suburban and rural) use cases, providing net benefits of EUR 58 billion, EUR 37 billion and EUR 18 billion, respectively. Gabriel Solomon, head of government and industry relations at Ericsson Europe and Latin America, said: “As an open innovation platform, 5G provides the critical infrastructure needed to help Europe achieve a sustainable, resilient and inclusive economic recovery.” The study focuses on market segmentation in four key areas: smart production and logistics, smart rural areas, smart cities and smart public services. The smart production and smart rural clusters have the largest net benefits, at EUR 70 billion and EUR 55 billion respectively, although their CBRs are lower than those of the smart cities and smart public services clusters. The study also identified key areas where some or all public funding would be needed to achieve benefits. These projects cover healthcare and hospitals, municipal buildings, education, tourism, agriculture and urban hotspots including public transport. Less than €20 billion in public funding could provide more than €50 billion in benefits. In addition to the economic benefits of investment, the study outlines a number of key environmental and social benefits that 5G connectivity will bring. Worker safety, a highly skilled workforce, reduced carbon emissions and energy use, less resource-intensive production, social inclusion, and even import and export security are highlighted as complementary benefits. The PDF version will be shared on 199IT Knowledge Planet, just scan the QR code below! |
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