India leads the 5G momentum building in Asia Pacific

Mobile connectivity continues to be at the core of digital innovation in Asia Pacific, enabling a wide range of transformative technologies for individuals and enterprises, and helping governments to deliver positive impacts for society. Authorities across the region are implementing initiatives to integrate mobile-enabled technologies across every aspect of society, from improving healthcare and actualising Industry 4.0 to supporting vulnerable communities facing challenging situations, including climate related and geophysical disasters. The impact of mobile connectivity is evidenced by its contribution to the economy; in 2022, mobile technologies and services generated just under 5% of Asia Pacific’s GDP – a contribution that amounted to $810 billion of economic value added.

5G will underpin much of the innovation and new services on mobile-based platforms in the coming years, helped by the rapid rollout and adoption of the technology in the region. Asia Pacific is home to pioneer 5G markets, such as Australia, Japan, Singapore and South Korea, where the technology has become mainstream. The region also has some of the fastest growing 5G markets today, notably India, which is set to add tens of millions of 5G connections in 2023. By the end of 2030, there will be around 1.4 billion 5G connections in Asia Pacific, equivalent to 41% of total mobile connections. 5G is expected to benefit every sector of the Asia Pacific economy, especially services and manufacturing.

For complete report, https://www.communicationstoday.co.in/the-mobile-economy-asia-pacific-2023-gsma/

CT Bureau