SINGAPORE, July 24,
2024 /PRNewswire/ -- The mobile industry's
contribution to Asia Pacific's
economy will grow beyond $1 trillion
by 2030, with faster adoption of 5G technologies in the region
meaning it will exceed average global growth rates, according to
the GSMA's Mobile Economy Asia Pacific
2024 report launched today.
Unveiled at the GSMA's Digital Nation Summit
Singapore, the report shows that mobile technologies and
services generated 5.3% of GDP across Asia Pacific in 2023, a contribution that
amounted to $880bn of economic value.
Mobile's contribution to the APAC economy over the period of
2023-2030 will outpace the global average, growing by 15% in the
region, compared to the global average growth of 12%.
Additional key findings from this report include:
- Mobile internet users in APAC will grow from 1.4bn (51%
penetration rate) to 1.8bn (61% penetration rate) in 2030.
- Mobile data traffic in Asia
Pacific will quadruple between 2023 and 2030 driven by an
increase in data intensive content and growth in 5G adoption.
- Satellites and non-terrestrial networks can help reduce the
connectivity gap, by bringing communications to the region's
challenging terrains.
- Operators across the Asia
Pacific region are harnessing the power of generative AI
(genAI) to drive internal transformations and seize new revenue
streams through AI investment.
Julian Gorman, Head of
Asia Pacific at the GSMA, said:
"The growth in Asia Pacific's
mobile internet usage over the past decade has been nothing short
of remarkable and the region continues to innovate at pace."
Mr Yuen Kuan Moon, Singtel Group CEO, added: "We see the
exponential rise in enterprise mobile applications and solutions as
a big boost to businesses, especially given the emergence of GenAI
and the shift to the cloud as digitalisation continues to
accelerate. This is why we've been working with many industry
leaders to leverage intelligence, machine learning and robotics and
cloudification to improve their productivity and customer
engagement as well as innovate and scale their operations. While we
ensure that our customers are well-supported in their digital
transformation journey, we're also mindful of the need to continue
to provide vulnerable groups with access to digital tools so they
too can be empowered and engaged in a digital economy."
Continue to read this press release
here.
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