The worldwide telecommunications environment faces a domination that is yet to be seen, with 5G networks set to bring a massive boost of over $13.2 trillion to the global economy through to 2035, and the next step is predicted to be 6G technology and operate at even greater levels. During an international conference, Malaysian technology guru Badlishah Ahmad unveiled such disruptive projections of how the next generation connectivity will impact such sectors as manufacturing and healthcare.
The 5G economic impact will be as much as 13.2 trillion dollars by the year 2035
Fifth generation (5G) networks are then destined to transform the future of connectivity, estimated to contribute 13.2 trillion towards the global economy by 2035, an academic and Malaysian technological expert said. Talking at an international conference held at Symbiosis Institute of Technology, Ahmad explained how 6G and, by extension, Zigbee will be the drivers behind the realization of a fully intelligent and inclusive digital world.
Qualcomm found in its complete analysis that the 5G sales growth trajectory will continue to be less impacted and therefore will not change as significantly as the entire overall global economy long-term growth trajectory has been altered due to the pandemic. That shows the power of 5G technology and its resiliency to various sectors.
This is how 5G contributes to huge employment in the world market
5 G-enabled job creation is also projected to be higher than before, now coming at 22.8 million jobs by 2035, compared to 22.3 million jobs earlier. Global 5G CAPEX and R&D has increased 10.8% over last year’s forecast to $265b/yr over the next 15 years, a level of investment in next-generation connectivity infrastructure never before seen.
5G has even bigger changes in place in economics
Ahmad, who is a faculty member of Universiti Malaysia Perlis, said that although 5G has already provided wide-area mobile communication and IoT, low-latency applications using 6G networks will transform the world in the coming decade. This will play a key role in fuelling the extended reality (XR), autonomous systems, advanced robotics, and industrial automation.
The new standard is not just about being fast; it is also about being smart, Ahmad said, citing data rates in terabytes and the ability to connect many devices as noteworthy attributes of future intelligent interconnection. He stated that 6G will combine sensing and communication together and enable the networks to sense their world and add artificial intelligence and machine learning that will guide the networks to predictive and self-learning networks.
In manufacturing, there is a gain of up to 20-30 percent theoretical overall productivity benefits, 50 percent improvement in assembly, and 90 percent in sensor capabilities in the detection of defects. The automotive industry would experience an 80 percent cut in vehicle accidents, $3.6 billion in savings on repair bills, and a quarter to reduce traffic congestion due to 5G-enabled smart transportation systems.
Complementary technologies enhance the connectivity ecosystem
Ahmad pointed out that no technology can dominate the whole ecosystem, regardless of the hype of 6G in the market. He foresees Zigbee, a short-range communication protocol, as an important ingredient in the future. Zigbee was originally designed to support wireless personal area networks and is very low energy consuming, allows mesh networking to support reliability, and uses 128-bit AES encryption to provide secure communication.
As industries as widely diverse as manufacturing and healthcare adopt intelligent connectivity solutions, 5G, the next-gen in the space yet to come, 6G, and other related technologies such as Zigbee will intersect to form an environment of advanced innovation on a scale never before seen. This is a revolution that is expected to do more than increase the speed of communications; it would lead to more responsive and intelligent networks that would ultimately redefine productivity, sustainability, and the potential of human beings in the global economy.