IT News - IoT
2022 Sep 18
Internet Of Things For The 5G Era, September 4th, 2022

According to McKinsey, implementing faster connections in mobility, healthcare, manufacturing, and retail can increase global GDP by $1.2 - $2 trillion by 2030, and this can have a cumulative economic impact of $1 trillion on India by 2035, reported Telecom Regulatory Authority of India.

In view of this, 5G rollouts are being planned to expand new-age technologies and various digital applications. Next-generation 5G networks will allow enterprise & governments to leverage technologies like IoT, AI, AR/VR, and private LTE to support Industry 4.0.

It will enable more mission-critical IoT devices to be connected reliably through wireless while providing enhanced broadband for immersive and seamless experiences and better access to healthcare, education, e-governance, banking, crisis management, etc. As per the GSMA forecast, over the period 2023-2040, 5G technologies will contribute approximately $450 billion to the Indian economy (0.6% of GDP by 2040).
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