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Nokia predicts 5G could add USD 8 trillion to world GDP by 2030

2020-10-12 12:04:00| Telecompaper Headlines

(Telecompaper) Nokia said that 5G-enabled industries have the potential to add USD 8 trillion to global GDP by 2030, as Covid-19 accelerates medium and long-term digital investment and value creation. The '5G Business Readiness Report' by Nokia and Nokia Bell Labs finds that 5G-mature companies are growing faster and are the only ones with a net increase in productivity following the pandemic. It said 71 percent of companies will invest in 5G over the next five years, with Saudi Arabia and the US leading adoption.

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