The Five Key Success Factors for Unlocking the Full Potential of the US 5G Economy
WASHINGTON, Sept. 14, 2020 /PRNewswire/ -- Policymakers should focus on five critical success factors in order to ensure the US continues to build its emerging 5G economy, according to a new report from Boston Consulting Group (BCG).
Drawing on an in-depth analysis of the factors that secured America's leadership of the 4G economy, BCG's study, commissioned by CTIA and titled "Building the 5G US Economy," 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.
"A country's 5G progress shouldn't be based on misleading snapshots in time such as the number of 5G subscribers or the amount of 5G base stations deployed in a given quarter," said Enrique Duarte Melo, a BCG managing director and senior partner and lead author of the report. "Policymakers should instead look at how these factors—network coverage, spectrum availability, the quality of the innovation ecosystem, business climate, and technology talent—will blend together to drive 5G penetration and make 5G use cases widely available throughout society."
The factors identified by BCG are:
Further, the study finds that that the foremost impact of 5G will be the services and applications unlocked by powerful and ubiquitous 5G networks.
To arrange an interview with one of the authors, please contact Marcus Liem at +1 917 705 2844 or email@example.com.
About Boston Consulting Group
To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.
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SOURCE Boston Consulting Group (BCG)