The Global Mobile Economy Report on feb 28,2022 showcased at “Mobile World Congress (MWC)” in Barcelona, Spain.
IMPORTANT POINTS OF THE REPORT
The Global Mobile Economy Report shows that, total number of 5G connections globally is probably going to succeed in 1 billion in 2022. Report ALSO shows that, connection is driving further momentum into 5G adoption because the usage increases rapidly in markets. In 2021, mobile technologies and services generated USD 4.5 trillion of measure. it’s capable 5% of worldwide GDP. This sector is expected to grow to USD 5 trillion in 2025.
By the tip of 2025, 5G will account for around 1 / 4 of total mobile connections. Furthermore, about two in five people worldwide will live close by of a 5G network. GSMA report further states that, the utilisation of public funds for connectivity, investments in digital skills training, prioritising digital transformation in government services and adopting a balanced approach to collecting revenues through fees and taxes within the mobile sector, were key to realize a resilient post-pandemic recovery.
4G adoption will account for 55% of total connections globally, by 2025. Adoption will decrease from a peak of 58% in 2021. 4G adoption will have more room to grow in Black Africa, adoption of 4G is below a fifth of total connections.
Focus of the Mobile World Congress
The congress focuses on 5G and maximizing its potential to learn countries and economies. it’ll witness keynote sessions from top telecom voices including:
Bharti Enterprises chairman, Sunil Bharti Mittal CEO of Amazon Web Services, Adam Selipsky Chairwoman of the FCC, Jessica Rosenworcel President and CEO of Qualcomm, Cristiano Amon.