Today, PCIA—The Wireless Infrastructure Association released a study conducted by the Information Age Economics projected private investment in wireless infrastructure over the next five days will generate as much as $1.2 trillion in economic growth and create 1.2 million new jobs. The wireless industry is growing every day, especially since the deployment of the 4G LTE networks.
In a press release, the PCIA explained that, “the report evaluates the economic and job-creation impacts generated by projected wireless infrastructure investments between $34 billion to $36 billion per year over the next five years. These investments will yield several other benefits:
- Between $863 billion and $1.2 trillion in cumulative economic development over the next five years, a 606 percent increase over the total amount the wireless industry will invest.
- A 2.2 percent increase in GDP by 2017.
- A direct impact of $85 billion to $87 billion of economic growth per year over the next five years, for up to a 0.5 percent improvement to GDP per year.
- The creation of over 28,000 jobs in 2017 and over 122,000 jobs in the next 5 years in the wireless infrastructure industry alone.”