With the first true high-band 5G networks going live, the McKinsey Global Institute explores how and where connectivity could be deployed and what it can enable over the next 10 years. In addition to 5G, existing connectivity technologies are evolving, with new standards that boost network performance—and they are much less capital-intensive. MGI has identified an enormous array of use cases that can run on an enhanced digital backbone. In mobility, healthcare, manufacturing, and retail alone, they could boost global GDP by up to $2 trillion. This implies that there opportunities worth trillions more across the entire economy. In addition, bringing billions of new users online could add another $2 trillion to GDP.
But why is so much potential still sitting on the table in many parts of the world? This research looks at the issues holding back the market and what it will take to create momentum.
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