GSMA: Asia Set to Become World’s Largest 5G Region by 2025
Summary
SHANGHAI--( BUSINESS WIRE )--Asia Pacific is on track to become the world’s largest 5G region by 2025, led by pioneering 5G markets such as Australia, China, Japan and South Korea, according to the latest edition of the GSMA’s Mobile Economy report.Launches of commercial 5G networks in these markets beginning next year will see the Asia region reach 675 million 5G connections by 2025, more than half of the global 5G total expected by that point.“The Asia Pacific region has experienced rapid migration to mobile broadband networks and smartphones over recent years and is now set to play a pioneering role as we move into the 5G era,” said Mats Granryd, GSMA Director General.In addition, the mobile ecosystem supported more than 17 million jobs last year, directly and indirectly, and made a substantial contribution to the funding of the public sector, with almost $170 billion raised in the form of general taxation.The report also highlights how mobile technology is being used across Asia to bring transformative societal benefits in areas such as health, education and gender equality.