WASHINGTON, Jan. 12, 2017 /PRNewswire/ -- Deploying the
next generation of high-speed 5G wireless networks could create up
to three million jobs and add approximately $500 billion to U.S. GDP through direct and
indirect potential benefits, according to a new report from
Accenture (NYSE: ACN), commissioned by CTIA.
Accenture Strategy's analysis estimates that wireless operators
will invest as much as $275 billion
nationwide over seven years as they build out 5G. Estimates
highlight that the wireless industry's investment in deploying 5G
could create direct impacts of 350,000 new construction jobs and a
total of approximately 850,000 jobs in the United States when considering suppliers
and other partners cumulatively over the seven years of network
build-out. The broader economic benefits from 5G
could create an additional 2.2 million jobs in communities across
the country.
"The report findings show what an incredible opportunity there
is in local economies," said Tejas
Rao, managing director and Mobile Offering Network lead for
Accenture's North America
practice. "5G-powered smart city solutions applied to the
management of vehicle traffic and electrical grids alone could
produce an estimate of $160 billion
in benefits and savings for local communities and their residents.
These 5G attributes will enable cities to reduce commute times,
improve public safety and generate significant smart-grid
efficiencies."
Sanjay Dhar, managing director in Accenture's North American
Strategy practice, added, "Full realization of the economic growth
and cost savings will depend on how robustly 5G networks are
deployed locally, and will require different approaches in local
communities from those used in the past."
Noting that achieving the full benefits, speed and capacity of
5G will require hundreds of thousands of new, shoebox-sized small
cells, the study calls upon municipal leaders to consider a new
approach to wireless siting policies. The study strongly suggests
changes such as streamlining local permitting and regulations to
account for the size and number of small cells needed, improving
access to public rights of way, and changing wireless antenna fee
structures to support the new small cell deployment model.
"5G will be transformative for all Americans. Accenture's report
confirms the significant benefits from the next generation of
wireless, driven by hundreds of billions of dollars that the
wireless industry will invest to deploy 5G," said Meredith Attwell Baker, President and CEO of
CTIA. "Not only will 5G deployment unlock substantial job growth
and economic gains in cities and towns across the country, it will
help make our lives safer. The Accenture report importantly
underscores the need for policymakers at all levels of government
to take action—cities and states with modernized zoning and siting
rules that support tomorrow's networks will be the first to realize
the economic and civic benefits of 5G."
About the Research
This research was commissioned by
CTIA. All data used is publically available. Statistics are based
on industry averages, plus Accenture's knowledge of expected costs,
and assume that adoption and coverage requirements will be similar
to those of previous generations of technology. A full
breakdown can be found in the report.
About Accenture
Accenture is a leading global
professional services company, providing a broad range of services
and solutions in strategy, consulting, digital, technology and
operations. Combining unmatched experience and specialized skills
across more than 40 industries and all business
functions—underpinned by the world's largest delivery
network—Accenture works at the intersection of business and
technology to help clients improve their performance and create
sustainable value for their stakeholders. With more than 394,000
people serving clients in more than 120 countries, Accenture drives
innovation to improve the way the world works and lives. Visit us
at www.accenture.com.
About Accenture Strategy
Accenture Strategy operates
at the intersection of business and technology. We bring together
our capabilities in business, technology, operations and function
strategy to help our clients envision and execute industry-specific
strategies that support enterprise wide transformation. Our focus
on issues related to digital disruption, competitiveness, global
operating models, talent and leadership help drive both
efficiencies and growth. For more information, follow
@AccentureStrat or visit www.accenture.com/strategy.
About CTIA
CTIA® (www.ctia.org) represents the U.S.
wireless communications industry and the companies throughout the
mobile ecosystem that enable Americans to lead a 21st century
connected life. The association's members include wireless
carriers, device manufacturers, suppliers as well as apps and
content companies. CTIA vigorously advocates at all levels of
government for policies that foster continued wireless innovation
and investment. The association also coordinates the industry's
voluntary best practices, hosts educational events that promote the
wireless industry and co-produces the industry's leading wireless
tradeshow. CTIA was founded in 1984 and is based in Washington, D.C.
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SOURCE CTIA