Connected world: An evolution in connectivity beyond the 5G revolution

5G Revolution - Cubility - Perth Australia

Connectivity is undergoing evolutionary change in most parts of the world—and, in select areas, a genuine leap into the frontier.

The promise of 5G has captured the attention of business leaders, policy makers, and the media. But how much of that promise is likely to be realized anytime soon?With the first true high-band 5G networks already live, we set out to gain a realistic view of how and where connectivity could be deployed and what it can enable over the next 10 years. But 5G is not appearing in isolation. A new discussion paper, Connected World: An evolution in connectivity beyond the 5G evolution,  takes a more expansive look that ranges from fiber and satellites to Wi-Fi and short-range technologies.

To illustrate what is possible, this research looks at how connectivity could be deployed in mobility, healthcare, manufacturing, and retail. The use cases we identified in these four commercial domains alone could boost global GDP by $1.2 trillion to $2 trillion by 2030. This implies that the value at stake will ultimately run trillions of dollars higher across the entire global economy.

Most of this value can be captured with advanced connectivity, using technologies that have been available for some time now. This raises a puzzling question: Why is so much potential still sitting on the table, and will new technologies alone be enough to realize it? This research looks at the issues holding back the market and what it will take to create momentum.

Beyond the implications for industry, connectivity also has ramifications for equity and society. Enabling more people to plug into global flows of information, communication, and services could add another $1.5 trillion to $2 trillion to GDP, over and beyond the economic value of the use cases identified in the four commercial domains highlighted in this research. Although gaps will remain, this trend could unlock greater human potential and prosperity in many developing nations.

View the full article by McKinsey.

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