Qualcomm Study Predicts 5G Will Create 22M Jobs by 2035

Qualcomm is the latest company to proclaim that 5G will transform the way we live life and do business, after commissioning a study that predicts that the 5G value chain will generate up to $3.5 trillion in revenue in 2035, and create up to 22 million jobs worldwide by then.

Qualcomm Inc. (Nasdaq: QCOM) commissioned a study called The 5G Economy, which includes an economic impact study conducted by IHS Markit and validated by Dr. David Teece -- director of the Tusher Center at the Haas School of Business, U.C. Berkley -- as well as opinion-based research about the expectations for 5G among business and technologists.

According to the study, 5G's "full economic benefit" should be realized by 2035, 15 years after widescale deployments are expected to start in 2020, when applications of the technology could produce up to $12.3 trillion worth of goods and services. This will happen across a broad range of industries -- from retail to education, transportation to entertainment, "and everything in between," the survey predicts.

Qualcomm is not the only company to push the idea of 5G spurring a new industrial revolution recently. At CES, Ericsson AB (Nasdaq: ERIC) was talking about 5G as the "new economy." The Qualcomm study states that "5G will catapult mobile into the exclusive realm of General Purpose Technologies, like electricity and the automobile, that provide the foundation for massive innovation, give rise to new industries and benefit entire economies." (See Ericsson: 5G Heralds 'New' New Economy.)

It is arguable that this transition has already started with 3G and 4G, since many people around the world use their phone as their main access mechanism to the Internet already.

How the anticipated boom in global 5G-related jobs -- 22 million by 2035, remember? -- will be distributed is also up for question.

The Federal Communications Commission (FCC) -- under the Obama administration -- has been quite focused on opening spectrum for 4G and 5G applications.(See Ready, Set, Go! FCC Votes for First 5G Spectrum.)

Will this continue? The indications, so far, are that the Trump-era agency could heavily pursue net neutrality as an initial cause. However, as there is such scant information on Trump's plans for technology, it is hard to make predictions. (See Clinton Tech Plan Draws Sharp Contrast to Trump's Thinking.)

— Dan Jones, Mobile Editor, Light Reading

COMMENTS Add Comment
DanJones 1/18/2017 | 4:09:07 PM
Re: 5G job creation - net adds? What the hell has that got to do with this story?

Here's the Qualcomm story:


TV Monitor 1/18/2017 | 3:38:44 PM
Re: 5G job creation - net adds? US FTC filed a bribery charge lawsuit against Qualcomm for asking Apple to not make Mobile WiMax iphones in exchange for lower loyalty rate and kickbacks.


Under a 2007 agreement, Qualcomm agreed to rebate to Apple royalties that Qualcomm received from Apple's contract manufacturers in excess of a specified per-handset cap. Qualcomm's payment obligations were conditioned upon, among other things, Apple not selling or licensing a handset implementing the WiMax standard, a prospective fourth-generation cellular standard championed by Intel and opposed by Qualcomm.
DanJones 1/18/2017 | 2:27:16 PM
Re: 5G job creation - net adds? Possibly, initially a lot of this hangs on how quickly governments move to open up spectrum. NONE of this happens without having the spectrum to deploy 5G in, in the first place.
msilbey 1/17/2017 | 1:31:50 PM
Re: 5G job creation - net adds? Hard to see 5G as the start of net new value and jobs in the industry. Especially in light of Iain's recent article: http://www.lightreading.com/business-employment/business-transformation/growing-pains-will-force-telcos-to-shape-up/a/d-id/729608 
mendyk 1/17/2017 | 10:54:25 AM
Re: 5G job creation - net adds? This job creation stuff is silly on so many levels. But we keep falling for it as some sort of validation point.
DanJones 1/17/2017 | 9:41:12 AM
Re: 5G job creation - net adds? Well there will definitely need to be lots of small cells installers for a few years there if the kind of scale talked of is to be achieved. Hehehehe. How long term is that though?
[email protected] 1/17/2017 | 8:31:30 AM
5G job creation - net adds? It's all quite grey, isn't it?

5G is going to create new opportunities we can't even think of... but the automation that will come as part of the 5G environment is likely to reduce the need for human interventions,

I rubbed my 5G crystal balls and I certainly don't see anything as clear as this...  
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