According to the report The Mobile Economy – Asia Pacific 2017 by the GSM Association, India will add 206 million new subscribers by 2020, while China will add 155 million subscribers, reports LiveMint.
Key takeaways from the report:
- Mobile Adoption in the region is rising
- Asia Pacific will account for almost two thirds of new subscribers globally by 2020
- There will be more than 3.1 billion, or three quarters of the population, mobile subscribers in Asia Pacific
- There has been dramatic shift towards higher speed mobile technology in Asia Pacific
- 4G will account for 48% of total connections by 2020
- Asian markets are driving the development of 5G mobile technologies
- By 2025, 5G connections (excluding IoT) are anticipated to reach 670 million across the region, accounting for just under 60% of global 5G connections
- In the region as a whole, total revenues grew by 3% in 2016, down from 9% in 2013
- In 2016, mobile technologies and services generated 5.2% of GDP in Asia-Pacific, amounting to about $1.3 trillion of economic value
- In the period to 2020 this will increase to $1.6 trillion (5.4% of GDP)
