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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licensed 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.