In his CES 2017 keynote, Qualcomm CEO Steve Mollenkopf said that 5G will revolutionize the entire technology industry in numerous ways. 5G will support 22 million jobs and produce up to $3.5 trillion in revenue by 2035. Due to its high speed and low latency, the users will be able to download a full-length 4K movie in 18 seconds, or 1GB file in 3 seconds, Mollenkopf added.

Qualcomm is working hard to dominate the next wave, i.e., 5G, in the communications industry. At CES 2017, the company showed off different ways it’s going to deliver better performance with the help of 5G technology. The company’s CEO, Steve Mollenkopf, also shared a new research on the same topic.

In his keynote, Mollenkopf said that 5G isn’t just an iteration of the existing 3G and 4G technologies. Instead, it’s the next generation of connectivity that’ll take us to the age of VR live-streaming, autonomous cars, connected townships, etc.

5G is expected to change the entire industry as it’ll increase the data speeds and reduce the associated costs, he added. Apart from these benefits, the best thing about 5G is its low latency. With the help of latency as low as one millisecond, many unimaginable and mission critical operations will become possible.

The research commissioned by Qualcomm predicts that 5G value chain will support up to 22 million jobs and generate up to $3.5 trillion in revenue by 2035. It also predicts that the full economic impact of 5G is expected to be realized by 2035.