The Future of Connectivity – McKinsey

As the world experiences a quantum leap in the speed and scope of digital connections, industries are gaining new and enhanced tools to boost productivity and spur innovation.

Over the next decade, existing technologies like fiber, low- to mid-band 5G networks, low-power wide-area networks (LPWANs), and Wi-Fi 6—as well as short-range connections like radio-frequency identification (RFID)—will expand their reach as networks are built out and adoption grows. At the same time, new generations of these technologies will appear with upgraded standards. In addition, new types of more revolutionary and more capital-intensive frontier connectivity like high-band 5G and low-Earth orbit (LEO) satellites will begin to come online. Together, these technological developments will unlock powerful new capabilities across industries. Near global coverage will allow the expansion of use cases even to remote areas and enable constant connectivity universally. Massive IoT advances will be enabled as new technologies allow high device densities, and mission critical services will take advantage of ultra-low latency, highly reliable, and highly secure connections.

From healthcare and manufacturing to mobility and retail, there are hundreds of promising use cases for the emerging generation of enhanced connectivity. Together, advanced and frontier connectivity could help seven sectors add a total of $2 trillion to $3 trillion in additional value to global GDP.

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