Wireless Quick Facts
Here are some very interesting facts that were published on the CTIA web site:
- The economic impact of bringing 500 MHz of spectrum (per the FCC’s National Broadband Plan) to market by 2020 is $87 billion increase in U.S. GDP; at least 350,000 new U.S. jobs; additional $23.4 billion in government revenues; and $13.1 billion increase in wireless applications and content sales.
- U.S. providers invested $94 per subscriber while the rest of the world spent $16.
- For every $1 invested in wireless broadband , it will create an additional $7-10 for U.S. GDP.
- The U.S. wireless industry is valued at $195.5 billion , which is larger than publishing, agriculture, hotels and lodging, air transportation, motion picture and recording and motor vehicle manufacturing industry segments. It rivals the computer system design service and oil and gas extraction industries.
- The wireless industry directly/indirectly employs more than 3.8 million Americans, which accounts for 2.6% of all U.S. employment. In addition, wireless employees are paid 65% higher than the national average for other workers.
- The app economy employs 519,000 developers and related jobs and grew into a $10 billion industry.
- Thanks to the U.S. wireless companies constant innovation and competition to remain the world’s mobile industry leader, America’s users benefit. While U.S. consumers represent only 5 percent of the world’s wireless connections, we comprise 50 percent of the world’s 4G/LTE connections . This number is more than double the share of second ranking Japan and almost triple the share of third ranking South Korea.
We now have 326 Million wireless subscribers in the US and 100% wireless penetration in the US. Total number of cell sites exceed 300,000. Without innovation in the wireless industry, we won’t be enjoying the convenience of cellular communications. We will also have less jobs and slower economic growth.