Tuesday, February 28, 2017

GSMA: Mobile Ecosystem Accounts for 4.4% of Global GDP

The GSMA now estimates that mobile technologies and services accounted for 4.4 per cent of global GDP in 2016, equivalent to around $3.3 trillion of economic value. This is forecast to increase to more than $4.2 trillion by 2020, or 4.9 per cent of projected global GDP, as countries around the world continue to benefit from the improvements in productivity and efficiency made possible by mobile technology. The mobile ecosystem directly and indirectly supported 28.5 million jobs in 2016, a figure expected to increase to 30.9 million by 2020.


Some highlights from the GSMA’s ‘Mobile Economy’ report presented at Mobile World Congress 2017 in Barcelona:

  • By the end of 2016 there were 4.8 billion unique mobile subscribers and 7.9 billion SIM connections worldwide. 
  • The 5 billion-subscriber milestone will be achieved by mid-year 2017 and will increase to 5.7 billion by the end of the decade. 
  • By 2020, almost three-quarters of the world’s population will be subscribed to a mobile service. 
  • More than half of connections (55 per cent) were running on mobile broadband (3G/4G) networks, which are forecast to account for almost three-quarters of connections by 2020.
  • At the end of 2016, 580 4G (LTE) networks had been launched across 188 countries, providing 4G coverage to approximately 60 per cent of the global population.
  • Looking further ahead, the study predicts that the first commercial 5G networks (based on LTE Release 15) will launch in 2019 and will provide coverage to a third of the world’s population by 2025. The number of 5G connections is forecast to reach 1.1 billion by that time.

“Mobile is a global platform that today supports two-thirds of the world’s population, delivering the connectivity and infrastructure that is powering new digital economies and addressing socioeconomic challenges,” said Mats Granryd, Director General of the GSMA. “Our latest Mobile Economy report reveals how the near ubiquity of smartphones and high-speed connectivity is enabling innovation in areas such as artificial intelligence and driving the digital transformation. Mobile operators have invested over a trillion dollars in their networks since 2010 and will invest a further $700 billion over the remainder of the decade as we enter the 5G era.”

http://www.gsma.com/mobileeconomy/.

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