London: The global Internet of Things (IoT) market will be worth $1.1 trillion in revenue by 2025 as market value shifts from connectivity to platforms, applications and services, according to new data from GSMA Intelligence. By that point, there will be more than 25 billion IoT connections (cellular and non-cellular), driven largely by growth in the industrial IoT market. The Asia Pacific region is forecast to become the largest global IoT region in terms of both connections and revenue.
Category: Media Coverage
Press Release: Mobile ecosystem to be worth more than $50 billion to West Africa economy by 2022
Abidjan, Côte d’Ivoire: The mobile industry in West Africa is forecast to contribute more than $50 billion annually to the region’s economy by 2022, according to a new GSMA study published today at the ‘Mobile 360 – West Africa’ event being held in Abidjan, Côte d’Ivoire. The new report, The Mobile Economy: West Africa 2018, calculates that the region’s mobile ecosystem contributed $37 billion in value last year, equivalent to 6.5 per cent of GDP, and will grow to $51 billion (7.7 per cent of GDP) within five years. The economic contribution over this period will be spurred by strong subscriber growth and the move to mobile broadband networks and services.
Press Release: Mobile spectrum and tax reforms needed to remove barriers to Bangladesh’s Vision 2021 goals
Hong Kong: The GSMA today released a new report outlining the rapid growth of the Bangladesh mobile industry over the last decade, which now places it as the fifth largest mobile market in Asia Pacific. The GSMA Intelligence country overview also highlights some of the obstacles that may hinder the government’s efforts to achieving its Vision 2021 goals, including affordability of mobile services, taxation and spectrum pricing. Complementing this study, the GSMA also released the findings of a report it commissioned from EY on the potential economic impact of tax reform on the Bangladesh mobile industry.
SDxCentral: U.S. Mobile Operators Will Spend $100B on 5G by 2020, Study Says
The latest GSMA Intelligence report on 5G estimates that U.S. operators will spend about $100 billion (excluding spectrum acquisitions) between 2018 and 2020 on upgrading their LTE networks and investing in 5G.
That equates to about $33 billion per year and accounts for about 13 percent of mobile revenue per year during that time frame. However, expansion of 5G to a larger footprint, especially in rural areas, could require more capex than what is forecast in 2020, the group said.
Press Release: Two-thirds of mobile connections running 4G/5G networks 2025, finds new GSMA study
Barcelona: Two-thirds of the world’s mobile connections will be running on 4G and 5G networks by 2025, according to the new 2018 edition of the GSMA’s ‘Mobile Economy’ report, published today at Mobile World Congress. It is forecast that 4G will account for 53 per cent of global mobile connections by 2025 (up from 29 per cent in 2017), while 5G networks will grow to account for a further 14 per cent, following the launch of the first commercial 5G networks this year. The report also measures the growth of the Internet of Things (IoT) over this period and the mobile industry’s increasing role in contributing to economic growth and social development.