Study: San Diego County Could Gain 52,700 5G-Related Jobs By 2030

SAN DIEGO COUNTY, CA — A report released this week estimates that San Diego County could gain 52,700 5G-related jobs by 2030, resulting in $20.2 billion in growth in the region.

The report also found California could gain 725,847 5G-related jobs in the same period.

The majority of the growth in the state is expected in the San Francisco area, where 150,000 new jobs are projected, and San Jose, where more than 130,000 new jobs are projected, according to the study, which was conducted by the Boston Consulting Group in collaboration with CTIA, a trade association that represents the U.S. wireless communications industry.

Based on the study's projections, California is expected to see a 331 percent increase in 5G-related jobs over the current number of 4G-releated jobs in the Golden State. The increase in jobs would bump the state's GDP growth by $312,642,780 over the same period, according to the report.

Nationwide, the 5G Economy is expected to create up to 4.6 million jobs and add up to $1.7 trillion to the country's GDP, according to the report. The research suggests the information services, manufacturing, and health care industries will benefit the most.

Read the full report.