Global 5G mobile subscriptions are expected to reach five billion by the end of 2028.
80 per cent of 297 companies surveyed for the report said that information technology (IT) and banking & financial services (BFSI) will be the primary beneficiaries of 5G.
Education (48 per cent), gaming (48 per cent), and retail & e-commerce (46 per cent) are the other industries that will enjoy benefits due to 5G.
The report further showed that nearly half of the Indian companies (46 per cent) anticipate job creation ranging from 61 per cent to 80 per cent within the first year of 5G’s implementation.
“The impending 5G rollout is expected to lead to an 80 per cent increase in tech-related jobs. Telecommunications companies embracing 5G solutions present a promising growth opportunity. As telcos leverage the potential of 5G in network upgradation, migration, IoT/IIoT, mobility, network infrastructure, and network security, we anticipate increased hiring for specialized roles. This advancement creates new opportunities and drives demand roles such as technical content writers, networking engineers, AI/ML professionals, UX designers, cloud computing engineers, cybersecurity specialists, data science and analytical experts, and more,” said Kartik Narayan, chief executive officer (CEO) of staffing, TeamLease Services.
Earlier, the “Unfolding India’s Era of Digital Convergence” report released by Nasscom had said that 5G technology is expected to contribute about 2 per cent to India’s gross domestic product (GDP) amounting to $180 billion by 2030.