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5G services to generate US$212 billion APAC economic expansion by 2034 – report

KUALA LUMPUR, Innovative 5G services will generate US$212 billion in APAC economic expansion by 2034, according to a report released by the GSMA. (US$1 = RM4.19)

This huge opportunity for the region’s digital economy depends on the availability of necessary radio frequencies including those known as ‘millimetre wave’ frequencies that will deliver ultra-high capacity and ultra-high-speed services.

5G mmWave spectrum will be identified at an international treaty conference, World Radiocommunication Conference 2019 (WRC-19), which will take place in Egypt from Oct 28 to Nov 22.

WRC-19 is the only opportunity for years to come for countries across Asia-Pacific to identify mmWave spectrum for 5G use, enabling the delivery of new services over the next decade, said GSMA Asia Pacific head, Julian Gorman.

mmWave 5G is expected to improve Asia Pacific connectivity as it can provide fibre-like speeds without the high deployment costs of fixed infrastructure, enabling urban populations to connect to data-intensive 5G applications in smarter city environments.

The GSMA report, ‘Study on Socio-Economic Benefits of 5G Services Provided in mmWave Bands’ raises serious concerns that, without adequate support at WRC-19, the deployment of these 5G services may be delayed for up to a decade.

The GSMA represents the interests of mobile operators worldwide, uniting more than 750 operators and nearly 400 companies in the broader mobile ecosystem. More information at https://www.gsma.com.

Source: BERNAMA (News Agency)

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