According to McKinsey, a consulting company, the wireless communications industry spends tens of billions of dollars annually on developing fifth-generation (5G) communications networks. Despite this, the company believes that in the next decade, 5G technology is unlikely to be available to most of the global population.
McKinsey experts predict that at the first stage of the deployment of 5G networks $ 700-900 billion will be spent, due to which 5G will cover approximately 25% of the world’s population by 2030. However, only users from rich and developed countries of the European region, USA, China, etc. can use 5G at this stage.
The data transfer speed in 5G networks is 10 times higher compared to the networks of the previous generation 4G, and the number of devices that can connect to the base station is 100 times more. However, since expensive equipment is required to build 5G networks, in the foreseeable future, fifth-generation communication networks will cover only certain areas on the world map.
McKinsey predicts that the slightly slower and cheaper 5G type, operating in the same frequency bands as the current 4G networks, will be more common, will cover up to 80% of the world’s population by 2030 and will cost the industry about $ 400-500 billion. the speed in such networks is slightly higher than the indicators of existing 4G networks, they will continue to remain a promising direction of development, capable of providing higher speed with fewer delays. According to experts, by 2030, 5G networks of low and medium levels will cover up to 80% of the population.
Thanks to the proliferation of 5G networks, the proportion of people who do not have access to fast communications will be reduced to 20%, while currently it is about 40%. This could lead to an increase in global GDP by $ 1.5–2 trillion.