With regulatory and government support, 15 national emerging markets deploying 5G could benefit from GDP growth between 0.3 and 0.46% through 2035 with an estimated three-to-seven-fold cost-to-benefit ratio, according to an Ericsson commissioned study by consulting firm Analysys Mason.
Telco giants TPG Telecom and Telstra have lodged submissions anew to the ACCC and cited competition experts in its report to rebut misleading and incorrect statements made by Optus in its submissions and recent advertising campaigns.
Up to 3 million Australians – mostly in rural and regional Australia - will miss out on getting access to critical 5G technology by 2023 because of the Australian Government’s 5G ban on China’s Huawei in Australia - and come at a cost to the national economy of US8.2 billion in lost GDP gains, according to UK based global forecasting and quantitative analysis firm Oxford Economics.
A survey carried out by Deloitte Access Economics and the Australian Mobile Telecommunications Association claims that 5G will lead to productivity improvements that will be worth $65 billion to the Australian economy by 2023 — the equivalent of 3.1% of GDP — but named no specific industries which would contribute to this massive increase.
Salesforce says new research it commissioned shows that its ecosystem of customers and partners will drive nearly 3.3 million new jobs and more than US$859 billion in new GDP impact worldwide by 2022 – with 79,000 new direct and indirect jobs created in Australia.
There would be few people in South Korea that Samsung does not touch in some way – after all, it represents more than 28% of the country’s Gross Domestic Product. Hyundai is next at 12%.
New, Australia-first research on the impacts mobile technologies are having on the country’s productivity and workforce participation challenges has found that Australia’s economy was $42.9 billion larger in 2015 than it would otherwise be because of the benefits generated by mobile technology take-up.
The National Broadband Network (NBN) will likely deliver a substantial benefit to Australia’s economy, according to a newly released study which also found that the greatest economic benefits will be derived from telehealth and teleworking.
Indeed.com’s new report shows that nearly $6.7 billion is potentially lost from total GDP due to unfilled job vacancies and that it’s costing the Australian ICT industry $20 million per month, with over 1 in 10 jobs unfilled for at least 3 months.
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