(Arlington, VA, Friday, April 6, 2018) â€“ The U.S. wireless industry contributes $475 billion annually to Americaâ€™s economy and supports 4.7 million jobs, according to a new report from the Cellular Telecommunications Industry Association (CTIA) and Accenture.
As the U.S. and other global economies look to develop 5G technologies, the report shows that currently the U.S. wireless industry accounts for 2.6 percent of total U.S. GDP (2016). The next generation of wireless could create 3 million new jobs and boost U.S. GDP by $500 billion.
Tejas Rao, managing director for Accentureâ€™s network practice, discusses the findings.
AS THE WIRELESS INDUSTRY CONTINUES TO PLAY A SIGNIFICANT ROLE IN THE U.S. ECONOMY, IT IS TURNING TO THE POTENTIAL OF FIVE-G TO ACCELERATE INNOVATION AND GROWTH BY SCALING SMALL CELL WIRELESS INFRASTRUCTURE. NEW AND INNOVATIVE SECTORS, SOLUTIONS AND BUSINESS MODELS WILL EMERGE AS TELECOM OPERATORS, INDUSTRIES AND MUNICIPALITIES COLLABORATE TO DEPLOY FIVE-G TECHNOLOGY.
CONSUMER DEMANDS HAVE PUSHED INDUSTRY SECTORS TO EITHER REQUIRE WIRELESS TO RUN THEIR BUSINESS, OR TO DEVELOP NEW BUSINESS MODELS PREDICATED ON WIRELESS. FIVE-G WILL CERTAINLY ADVANCE THIS TREND, AND HELP THE WIRELESS INDUSTRY PUSH OUR ECONOMY FORWARD.
For more information, visit Accenture.com.