What is the projected RM3.5 billion economic uplift for agriculture from 5G?

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The projected RM3.5 billion economic uplift for agriculture from 5G is an incremental contribution to the sector's GDP by 2030.

A November 2021 report by EY projected that the implementation of a Single Wholesale 5G Network in Malaysia would lead to a 2.6 per cent increase in the agriculture sector's Gross Domestic Product (GDP) contribution by the year 2030. This projected increase is equivalent to an additional RM3.5 billion in economic value for the sector. This potential uplift underscores the anticipated positive impact of enhanced 5G infrastructure on Malaysia's agricultural economy.
Projected GDP Contribution Increase

The EY report specifically estimated that the agriculture sector's GDP contribution would see a 2.6 per cent rise by 2030 due to the 5G network. This forecast highlights the significant economic potential that advanced digital connectivity offers to a traditionally vital sector of the Malaysian economy. The report was titled “Estimating the economic impact of the Single Wholesale 5G Network in Malaysia.”
Financial Implication of the Projection

This projected percentage increase translates into a substantial financial gain for the agriculture sector. The RM3.5 billion represents the incremental economic value that is expected to be generated by 2030, directly attributable to the advancements brought about by 5G technology. This figure signifies a considerable boost to the sector's overall economic standing.
Enabling Digital Transformation in Agriculture

The anticipated economic uplift is closely linked to the broader digital transformation of the agriculture sector. The availability of robust 5G infrastructure is seen as a critical enabler for farmers to adopt new technologies, participate in the digital economy, and leverage numerous opportunities. This includes the potential application of artificial intelligence (AI) and the Internet of Things (IoT) in farming practices.

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What is the projected RM3.5 billion economic uplift for agriculture from 5G?

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