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Thursday, September 13, 2018

GSMA report on migration to #5G --USA & Canada to lead with major impact on economy.

Almost half of all mobile connections in North America are forecast to be running on 5G networks by 2025, according to a new GSMA report.

USA and Canada by 2025, will be representing 49 percent of the projected global market by that point. The report also calculates that North America's mobile ecosystem generated more than $830 billion in economic value last year, equivalent to 4 per cent of the region's GDP. 

The impact of next-generation mobile technologies and services is resulting in a growing contribution to the region's economy. By 2022, the mobile industry's economic contribution is expected to increase 32 per cent to $1.1 trillion, or 4.9 per cent of GDP, up from $833 billion (4 per cent of GDP) in 2017, driven by increased productivity and the ongoing digitisation of industry and services. North America's mobile ecosystem also supported nearly 2.4 million jobs in 2017 and was responsible for $114 billion in public sector funding via general taxation (not including funds raised by spectrum auctions). 

Get the full Report HERE