Leading the adoption of 5G spectrum harmonization can unlock up to $200B in U.S. economic growth

Posted under: Smart Technologies
Date: 2024-02-13
Leading the adoption of 5G spectrum harmonization can unlock up to $200B in U.S. economic growth

Allocating internationally harmonized mid-band spectrum for 5G can unlock approximately $200 billion to America’s economy over the next 10 years, according to a new study by Accenture (NYSE: ACN) commissioned by CTIA, the wireless industry association. This could also impact adjacent industries that leverage wireless technology, such as manufacturing, utilities, and others in the U.S., the study finds. The report, Advancing U.S. Wireless Excellence: The Case for Global Spectrum Harmonization, finds that spectrum harmonization is key to achieving “economies of scale across the wireless value chain as well as fueling new sources of growth and innovation.” This includes more than $150 billion from new jobs, leadership in new industries, strengthening America’s export market, and accelerating America’s global economic competitiveness. An additional $44 billion would come from taking advantage of economies of scale in network equipment and device production.

Read more at: newsroom.accenture.com