According to a report carried out by Recon Analytics and CTIA, the wireless industry association, 4G wireless networks powered remarkable economic growth and transformed the way Americans live and work. The study shows the powerful impact of wireless on the U.S.economy as providers begin to rollout next-generation 5G networks, which will create a new 5G economy over the next 10 years.
The report's key findings include that nearly 10% of the GDP increase of the entire U.S. economy from 2011 to 2019 was due to the growth of the U.S. wireless industry, and that U.S. 4G networks support 20 million jobs, drove nearly $700 billion in economic contribution last year alone, and save consumers $130 billion each year.
"Our 4G success didn't happen overnight: investment dollar by investment dollar, cell site by cell site, America's wireless industry brought the benefits of high-speed mobile broadband to communities across America, creating jobs, powering economic growth and spurring innovations that make our lives better," said Meredith Attwell Baker, CTIA President and CEO. "Over the next decade, our emerging 5G economy will unleash even greater consumer benefits and maintain America's position as the world's innovation hub."
Today, 4G networks are widely available and there are more 4G subscriptions in the United States than people. As the study shows, however, this was the result of 10 years of gradual network improvements, industry investment, spectrum auctions and innovation.