Global Mobile Economy Report

On February 28, 2022, Global Mobile Economy Report was showcased at “Mobile World Congress (MWC)” in Barcelona, Spain.

Findings of the report

  • 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.

Focus of the Mobile World Congress

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.

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