Mobile Economy Asia Pacific 2024
The Mobile Economy Asia Pacific 2024
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unique mobile subscribers in 2023 will grow to 2.1 bn by 2030
$
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of economic value was added to the economy in 2023, accounting for 5.3% of GDP in the Asia Pacific region
%
of total connections will be 5G in developed Asia Pacific markets by 2030
The mobile industry continues to underpin the rapid digital transformation in Asia Pacific, with advanced mobile networks enabling innovative use cases for consumers and enterprises. In 2023, mobile technologies and services contributed $880 billion to the Asia Pacific economy, and created 13 million jobs across the region.
As 5G matures, operators in the region are looking to leverage 5G-Advanced and 5G reduced capability (RedCap) technologies to deliver new solutions for enterprise. This growing focus on advanced 5G networks and services is expected to kick-start a new round of 5G investments in 2024 and beyond, and lay the foundation for the next wave of 5G.
Other key trends shaping the mobile ecosystem in Asia Pacific include Open Gateway and continued momentum on open APIs, satellites and NTNs, the revenue opportunities presented by GenAI and continued vigilance around online safety in an increasingly digital world.
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