5G technology to provide £1bn boost to Yorkshire economy by 2025
5G technology could give Yorkshire's economy a £1bn boost per year by 2025, according to new research from Barclays Corporate Banking.
The report, 5G: A Transformative Technology, analyses a series of scenarios that UK businesses could face when implementing 5G. Under an ‘optimistic scenario’, which anticipates an accelerated rollout of 5G and an uptake amongst UK businesses and consumers, the UK will see a £15.7bn increase in business revenue by 2025, and in Yorkshire, £1bn in revenue by 2025.
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