Security News > 2020 > September > Five critical success factors for the 5G economy

Policymakers should focus on five critical success factors in order to ensure the US continues to build its emerging 5G economy, according to a report from Boston Consulting Group.

Drawing on an in-depth analysis of the factors that secured America's leadership of the 4G economy, the study concludes that spectrum availability and wireless network deployments, along with broader economic factors such as a pro-investment and innovation business climate, private sector R&D, and workforce readiness are key to expanding a country's 5G penetration rate and 5G-powered economic growth.

Widespread network deployment is critical to laying the foundations of a 5G economy and achieving high levels of wireless penetration-the number of active 5G subscribers per capita.

The study finds that US telecom companies have invested seven times more than Chinese companies and that from 2020 to 2025, US operators are expected to invest over $250 billion to build 5G networks, more than any other country.

Further, the study finds that that the foremost impact of 5G will be the services and applications unlocked by powerful and ubiquitous 5G networks.

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