The Mobile Economy Europe 2023

The Mobile Economy Europe 2023

M

unique mobile subscribers expected by 2030, representing a 92% penetration rate across Europe

%

of mobile connections in Europe will be 5G by 2030

BN

in economic value added to Europe’s economy in 2022 (4.3% of GDP)

Digital technologies are playing a crucial role in Europe as economies advance their efforts to embrace green and digital transformation. 5G connectivity is serving as a catalyst for GDP growth and a powerful tool to help combat climate change. In 2030, 5G connectivity and services are set to generate economic benefits of €153 billion.
With mobile penetration now at 90% across Europe, in the coming years, the mobile ecosystem will focus on improving 5G coverage in rural areas and increasing investment to support the growing adoption of use cases enabled by 5G standalone and 5G-Advanced technologies.
Together with the monetisation of 5G, other key trends shaping the mobile ecosystem in Europe include rethinking the design of telecoms networks to meet evolving connectivity and data demands, reigniting satellite connectivity, exploring the role of generative AI, the shift to circularity as well as growing fintech opportunities.

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