Global Mobile Economy Report; 5G connections to reach 1 billion in 2022
- 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:
- Bharti Enterprises chairman, Sunil Bharti Mittal
- CEO of Amazon Web Services, Adam Selipsky
- Chairwoman of the FCC, Jessica Rosenworcel
- President and CEO of Qualcomm, Cristiano Amon.
Published date : 03 Mar 2022 06:08PM