Global Mobile Economy Report; 5G connections to reach 1 billion in 2022

Sakshi Education

On February 28, 2022, Global Mobile Economy Report was showcased at “Mobile World Congress (MWC)” in Barcelona, Spain.
The Global Mobile Economy Report shows that, total number of 5G connections globally is likely to reach 1 billion in 2022.
Report further shows that, connection is driving further momentum into 5G adoption as usage increases rapidly in key markets.
In 2021, mobile technologies and services generated USD 4.5 trillion of economic value. It is equal to 5% of global GDP.
It is expected to grow to USD 5 trillion in 2025.
By the end of 2025, 5G will account for around a quarter of total mobile connections. Furthermore, about two in five people worldwide will live within reach of a 5G network.
GSMA report further adds that, utilising public funds for connectivity, investments in digital skills training, prioritising digital transformation in government services and adopting a balanced approach to collecting revenues through fees and taxes in the mobile sector, were key to achieve a resilient post-pandemic recovery.
4G adoption will account for 55% of total connections globally, by 2025. Adoption will decrease from a peak of 58% in 2021.
4G adoption will have more room to grow in Sub-Saharan Africa, adoption of 4G is below a fifth of total connections.
The Mobile World Congress is being held amid an ongoing Russia-Ukraine war. The congress focuses on 5G and maximizing its potential to benefit countries and economies. It will witness keynote sessions from top telecom voices including: