Benefits from 5G Deployment in Europe estimated to reach €113.1bn annually by 2025

Findings from a new study completed for the European Commission has identified a potential annual benefit to its member states of €113.1 billion annually as early as 2025 from deploying 5G, with trickle-down benefits from 5G investment totaling as much as €141 billion.

The findings come from a major new study entitled “Identification and quantification of key socio-economic data to support strategic planning for the introduction of 5G in Europe,“ prepared for the European Commission by InterDigital Europe, Real Wireless, Tech4i2 and CONNECT (Trinity College Dublin).

In addition to the economic benefits resulting from 5G deployment, it is also expected to create 2.3 million jobs in the EU28 Member States. The study estimates that in the EU28 Member States the total cost of 5G deployment will be approximately €56 billion by 2020.

“Many people are excited about 5G technology, but the goal of this study was to investigate what 5G might actually mean for industries, including the mobile industry, as well as various other stakeholders. This study should provide a basis for regulators, other public authorities, and various stakeholders to plan future policy in areas such as spectrum allocation planning and future market regulation. The key in all this is to attain maximum benefit, both socially and economically“, said Alan Carlton, Vice President, InterDigital Europe commenting the study.

In vertical industries, the automotive, healthcare, transport and utilities sectors are expected to experience major benefit. In the four environments of Smart Cities, Non-Urban, Smart Homes and Workplace, the total economic, social and environmental benefits from 5G also.

Automotive €13.8 billion

Healthcare €1.1 billion

Transport €5.1 billion

Utilities €775 million

are forecast as follows:

Smart City €8.1 billion

Non-Urban €10.6 billion

Smart Home €1.3 billion

Workplace €30.6 billion