5G could add 126 billion to GDP
A new report from TechSverige shows that 5G has the potential to contribute to GDP increases of SEK 126 billion annually. This corresponds to over 2 percent of Sweden's total GDP. Connectivity and 5G are a prerequisite for the digitization of society and contribute to a competitive industry, efficient public services and climate change.
- "5G will enable new innovation that takes the digitization of society to the next level," says Robert Liljeström, Industry Policy Expert at TechSverige.
The report Billions of Reasons for 5G shows that the technology brings a major competitive advantage for early adopters and has a significant impact on GDP growth.
The greatest potential is in industry, healthcare and smart infrastructure, such as water and energy supply. In industry, the use of 5G can lead to more efficient and sustainable production processes. 5G can significantly contribute to developing and relieving the strain on health and social care. By connecting other infrastructures such as electricity grids, 5G can play a key role in the green transition and electrification of society.
Sweden has historically been a leader in the introduction of new mobile networks, but the delay in the 5G auction has meant that Sweden got a later start compared to other countries such as Denmark, Italy, and the Netherlands, which have come the furthest in Europe. Thanks to the operators' billion-dollar investments, the 5G rollout has now taken off in Sweden.
- Sweden must now seize the opportunities to capture the benefits of the technology shift with its societal benefits and great economic values, says Robert Liljeström.
The report presents several proposals for action for Sweden to seize the opportunities of 5G and connectivity.These include supporting the efficient and effective deployment of communication networks such as 5G. Unlocking the potential of 5G and connectivity for smart and sustainable public services. Increased competence as a driving force for 5G and to drive the development of 5G within the EU.
- Sweden has previously benefited greatly from being an early adopter of technological shifts such as 3G and 4G. Now we need to come together to take advantage of the potential of 5G. This will require broad collaboration and an ability to harness the innovation and investment power of the entire market. Politicians have an important role to play in raising ambitions and creating the conditions," says Robert Liljeström.