In the Asia Pacific (APAC) region, 5G connections will make up nearly two-fifths (41%) of all mobile connections by 2030, up from 4% in 2022, predicts the Mobile Economy APAC 2023 Report from the GSMA.
Around 1.4 billion 5G connections will exist in the APAC region by the end of 2030, thanks to a decline in the average price of 5G equipment, rapid network expansion in many nations, and coordinated efforts by top governments to incorporate mobile-enabled technology into all facets of society.
Between 2022 and 2030, the number of mobile subscribers will increase by 400 million to reach 2.11 billion. Mobile penetration will also increase, reaching 70% but still falling short of the global average of 73%.
Although established economies like Australia, Japan, Singapore, and South Korea are leading the way in 5G mobile innovation, the annual mobile economy report also finds that hurdles still affect total mobile access and usage in a number of other APAC nations. Despite substantial advancements, the study reveals that nearly 50% of people in Asia Pacific (47%) still do not have access to mobile internet, and the area is still lagging behind Latin America, China, and Eurasia. Poor digital literacy, especially among older people, the cost of devices and services, and worries about online safety are some of the factors preventing acceptance.