5G will account for over two-fifths (41%) of mobile connections in the Asia Pacific (APAC) region by 2030, up from 4% in 2022, according to the GSMA’s Mobile Economy APAC 2023 Report. By the end of 2030 APAC (Asia-Pacific) will have around 1.4 billion 5G connections, with growth driven by a fall in 5G device prices, network expansion in many countries, and concerted efforts by leading governments to integrate mobile technologies.
The annual mobile economy report also reveals while mature markets, such as Australia, Japan, Singapore and South Korea lead global 5G mobile innovation, barriers continue to impact mobile access and usage in a number of other APAC countries. Despite improvements, almost half of the population in Asia Pacific (47%) still lack access to mobile internet, with the region lagging behind other parts of the world, including Latin America, China and Eurasia. Poor digital skills, particularly among older populations, device and service affordability, and online safety concerns are some of the reasons holding back uptake.
Launched at an event hosted by the GSMA and Singtel, in Singapore, key report findings include:
- Mobile subscribers will rise by 400 million between 2022 and 2030 to reach 2.11 billion; mobile penetration will also rise to 70% but still trail the global average of 73%.
- The mobile sector added [$810 billion (€731.31 billion)] of economic value to the APAC economy in 2022 and will reach almost [$1 trillion (€0.90 trillion)] [($990 billion (€893.83 billion)) by 2030.
- 5G will add over [$133 billion (€120.08 billion)] to the APAC economy in 2030.
- Services (42%) and manufacturing (34%) industries will benefit from 5G the most, driven by applications in smart cities, smart factories and the smart grid.
M360 Asia Pacific 2023, 7-8 September
Delegates attending this year’s M360 Asia Pacific in Seoul have the opportunity to hear from thought leaders and attend keynotes covering key topics from the Mobile Economy report. M360 Asia Pacific is brought in partnership with Host Sponsor, KT and convenes industry figures and policymakers from across the region. Media can now pre-register for M360 Asia Pacific, taking place at Westin Josun, Seoul.
Contact: GSMA Press Office, pressoffice@gsma.com
Read the full media announcement and report: here.
Comment on this article below or via Twitter: @VanillaPlus OR @jcvplus
