5G Monetization - Opportunities for Telecom Providers

In 2035, 5G will enable $13.2 trillion of global economic output. That is nearly equivalent in current dollars to US consumer spending ($13.9 trillion) and the combined spending by consumers in China, Japan, Germany, UK, and France ($13.4 trillion) in 2018 - (Qualcomm, 2019)

The potential rewards for developing a digital ecosystem strategy are huge for CSPs, with research showing that key verticals such as industrial automation, remote monitoring, digital health, smart grid, smart city and connected vehicles collectively represent a $1 trillion market by 2023.