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Innovation

What the future of 5G means for the Asia Pacific

Mobile penetration in the Asia Pacific region has experienced the largest increase worldwide in recent years. According to the GSMA’s recent Mobile Economy report, the Asia Pacific region, which is home to several markets of early adopters, will have a pioneering position in the move to 5G technologies. By 2025, the Asia Pacific is projected to be the world’s largest market for 5G, reaching over 675 million connections.

With levels nearing saturation, mobile adoption rates are slowing and the market is migrating towards better-performing devices and networks. Smartphone adoption, in particular, is expected to continue to increase at full speed and with the launch of 5G expected as early as 2019.

As the mobile industry grows in Asia, so does its contribution to GDP and the economy. Mobile is a key employment sector and facilitates growth and innovation in the young and thriving startup space. GSMA reports that by 2022, the mobile economy will add over $1.8 trillion to the regional economy as the industry continues to grow and develop.

In addition to contributing to the economy, mobile presents solutions to social and environmental concerns. Access to mobile technologies is supporting advances in education, gender equality and health, particularly in emerging economies. The industry continues to further its contribution to the UN’s Sustainable Development Goals, aiding to close the mobile and internet gender gap, as well as leveraging big data capabilities for crisis response and natural disasters.

Advances in mobile technology are accelerating digital and financial inclusion across Asia with benefits at all levels of society.

You can read the Mobile Economy Asia Pacific 2018 report by GSMA here.

Photo by rawpixel on Unsplash

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