The "Why 5G in Latin America" report says that 5G will arrive in Latin America sooner or later. Latin America lags behind other countries in productivity and economic growth, both of which will be enhanced by the digital transition. That, in turn, will require a significant increase in broadband communications, which could add $3.3 trillion in economic value to 5G by 2035 and $9 trillion in productivity.
The report discusses the region's macroeconomic performance over the past decade, making the case for digital transformation and the deployment of ultra-broadband, especially 5G. It highlights a problem: the gap between broadband penetration and developed countries will not disappear. It continues to show how 5G affects consumers and businesses, and why it is critical for the region, country/region and industry. Brazil will reap the biggest total gain, with 5G bringing an economic impact of $1.216 trillion and a productivity increase of $3,084 trillion. The ICT sector will be most affected in the country, with an economic impact of us $241 billion.
Latin American countries must diversify their sources of income and work to engage in higher value-added activities. Activities, including mining and manufacturing, must improve productivity, and 5G will play an important role in this regard.
5G is not just about access. With 5G, the security of telecommunications networks will become even more important as we connect millions of sensors per square kilometer. When we were developing devices at Nokia, we were addressing the architecture of network security. We deployed a process called "security design," which means that security and reliability are part of our product, not at the top of the list.
