18 October 2017
An important analysis of latest generation mobile telecommunications; 5G Mobile – Enabling Businesses and Economic Growth, was released today at an event in Parliament House, Canberra, with a special address from Senator the Hon Mitch Fifield, Minister for Communications.
The report from Deloitte Access Economics commissioned by the Australian Mobile Telecommunications Association (AMTA) details that:
- facilitation and roll out of 5th generation mobile telecommunications (5G) is expected to further drive Australia’s digital economy and add to the already significant (and growing) $34 billion in long-term productivity benefits from mobile
- annual network spend from mobile providers would reach up to $5.7 billion and likely to grow in FY2017-18
- examples of sectors and industries that will benefit from 5G such as manufacturing, energy and utilities, automotive and transport, financial services, health, education and media / entertainment
- the expansion of products and applications expected to accelerate under 5G – for both large industry, small to medium enterprises and consumers – based on new opportunities arising from applications such as artificial intelligence, robotics, drones, Internet of Things, self-driving cars, plus virtual and augmented reality.
“5G is the next evolution in mobile technologies which will offer unprecedented productivity and connectivity enabling impacts for Australia’s economy and society. This represents an evolution that will feature the ‘industrial internet’ which will greatly expand and diversify the range and impact of mobile applications and services,” said Chris Althaus, CEO, AMTA.
“5G will be a core element of increasing connectivity that will enable innovations such as the Internet of Things, enhanced mobile broadband, massive and critical machine communications - all essential to a successful digital economy and networked society” he added.
"Every generation of mobile technology has generated very real economic and social benefits for Australia, across public and private sectors and individuals and communities across in urban, regional and rural areas across the country,” said Deloitte Access Economics partner and lead report author, John O’Mahony.
“This will certainly be the case with 5G – if it is rolled out and harnessed in the right way,” he said.
“5G will require significant investment, but this investment will also deliver significant returns in areas as diverse as time savings, enhanced opportunities for businesses and governments to develop new products and services that go to the very core of the way we do things.”
“The Government announcing their 5G road map which includes immediate priorities targeting spectrum availability, streamlining network deployment regulation and fit-for-purpose regulatory frameworks has strong support from the industry and very much reflects the key themes articulated and expanded in 5G Mobile – Enabling Businesses and Economic Growth report,” said Althaus.
This report builds on previous reports from AMTA’s Mobile Nation series and can be found here.
Photo: Stuart MacIntyre (Director of Optus Business Technology and AMTA Chairman), Senator Mitch Fifield (Minister for Communications), Chris Althaus (AMTA CEO) and John O’Mahony (Deloitte Access Economics partner and lead report author).