The Mobile Economy China 2024

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5G connections expected by the end of 2024, growing to 1.6 billion by 2030, accounting for nearly a third of the global total

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added to the global economy of economic value was added to the economy in 2023, acclicensed cellular IoT connections in China in 2023, which will grow to 4.1 billion by 2030, accounting for 70% of global cellular IoT services

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of economic value was added to the Chinese economy in 2023, and is expected to grow to $1.1 trillion by 2030

With the number of 5G connections in China set to reach 1 billion by the end of 2024, operators are ready to initiate the next phase of the technology’s development, which will see investments in 5G-Advanced get underway. These investments can propel the industry towards a more profound focus on revenue-enhancing capabilities, unlocking new growth opportunities for operators while also delivering important economic benefits. For example, 5G’s contribution to GDP in China is expected to reach $260 billion in 2030 (23% of the overall annual economic impact of mobile in China).

In addition to a range of technology, socioeconomic and financial datasets, the Mobile Economy China 2024 examines key trends across the mobile industry in China: the role of 5G-Advanced and 5G RedCap; the impact of network API initiatives; the introduction of 5G New Calling; the growing number of telco-satellite partnerships; and the potential of generative AI. Additionally, it explores mobile‘s impact on the SDGs. Finally, the research discusses key industry enablers, including policies for the effective allocation of spectrum.

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