A BCG Report Encourages Policymakers to Focus on Spectrum Availability, Network Investment, Innovation Ecosystem, Business Climate, and Talent
WASHINGTON, DC—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:
“This study provides a roadmap for policymakers to unlock the full potential of 5G as the primary engine of America’s economic recovery and secure US leadership in this decadelong wave of wireless-driven innovation and job creation,” said Meredith Attwell Baker, CTIA president and CEO. “With a recommitment to free up more licensed midband spectrum and continue our pro-investment regulatory framework, I’m confident that our wireless platform will enable America’s entrepreneurs to build an inclusive 5G economy.”
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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