Tuesday August 6, 2024

The Mobile Economy Latin America 2024

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By the end of 2023, 418 million people in Latin America (65% of the population) used mobile internet—an increase of 75 million over the last five years. While the pace of change has been fast in recent years, progress going forward will be increasingly complex. Some countries are close to reaching their connectivity frontier under current market conditions, driving the need for reform to unlock the full potential of mobile technology.

The economic contribution of mobile underlines the need for stakeholders to take the right steps to sustain the impact of mobile services on the digital economy. In 2023, mobile technologies and services generated 8% of GDP in Latin America—a contribution that amounted to $520 billion of economic value added. The mobile ecosystem in the region also supports around 2 million jobs (directly and indirectly).

Explore the key trends shaping the mobile ecosystem:

  • 5G gains traction.
  • Operators unite to drive progress with APIs.
  • Partnerships between telcos and satellite providers aim to bridge the connectivity gap.
  • eSIM adoption to gather pace.
  • Operators explore the potential of generative AI.
The Mobile Economy Latin America 2024 image

English

The Mobile Economy Latin America 2024 image

Spanish

The Mobile Economy Latin America 2024 image

Portuguese