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Proponents of 5G predict a huge market for 5G goods and services with millions of new jobs being created. The purpose of this paper is to make a realistic assessment of the 5G initiative, with a focus on Europe.

The paper reviews the technical, economic and policy literature to analyse the case for 5G in Europe.

The 5G initiative in Europe, as well as globally, has so far failed to assess objectively the future needs of its customers, whether consumer or business, to articulate a set of sound business cases.

There is little independent assessment of 5G in the academic literature. The paper makes an original contribution through questioning the dominant supply-driven industry perspective.

In his editorial earlier this year, “Measuring the art of the long view”, Colin Blackman wondered how we might evaluate the effectiveness of futures research. But are there any reliable measures? There’s certainly a case for accreditation and certification of futurists, but in the end there’s no escaping the judgment of the market.

Responds to two scenarios describing how the USA telecommunications infrastructure could develop over the next decade from a non‐US perspective. Insists companies in Europe are gearing up for a wireless future and the competition comes from Japan – not the USA.