BY 2026 UP TO $40B IN ANNUAL GDP CONTRIBUTION TO CANADIAN ECONOMY
Our current telecommunications systems are on the brink of accelerated redundancy. 5G is about to become the global standard in connectivity.
The speed and quality of data flow in the digital age will be almost unrecognizable from our current experience. Ultra-fast speeds, super-low latency, mass data capacity, and high bandwidth mean that 5G will redefine business and society in the 21st Century.
5G will enable the development of new technologies and applications that will address the limitations of existing healthcare, environmental and social systems.
It will facilitate the maturation of a massive internet of things (mIot), and then the internet of everything as billions of humans and devices become connected in an intelligent web. The economic importance of this to Canada is enormous.
Current 5G-related jobs (research, software development and network testing) will evolve to encompass multiple sectors and job types in numerous verticals.
Industry analysts estimate that, under current economic scenarios, the impact of 5G on the Canadian economy will be around $40 billion in annual GDP contribution by 2026, with the creation of 250,000 permanent new jobs. With faster bandwidth auctions, the “multiplier effect” of 5G and the growth of 5G-enabled massive Internet of Things (mIoT) those figures could improve.
UP TO 250,000 NEW PERMANENT JOBS BY 2026
Quite simply, this new generation of connectivity could be a catalyst for job creation, economic stimulation and Canadian elevation on the world stage. That is why it is so important that we do it right.