The Mobile Economy Asia Pacific 2024
The impact of mobile connectivity is evidenced by its contribution to the economy. In 2023, mobile technologies and services generated 5.3% of Asia Pacific’s GDP, a contribution that amounted to $880 billion of economic value added, and supported around 13 million jobs across the region.
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.
