Mobile industry set to grow to US$1.9trn in 2015

Research from mobile industry body, GSMA finds that the mobile sector is set to grow from US$1.5 trillion in 2011 to US$1.9 trillion in 2015.

The research, developed by A.T. Kearney, GSMA Wireless Intelligence and Machina Research, also predicts significant growth in mobile industry employment.

It finds that today, more than eight million people around the world are employed by companies in the mobile ecosystem, and by the end of 2015, mobile industry jobs will grow to approximately 10 million.

“The mobile communications industry is creating a “Connected Economy” across the globe, through network investment, job creation and contributions to public funding,” said Anne Bouverot, director general, GSMA.

“Clearly, as the economic indicators show, the mobile industry is success story, particularly in light of the lingering worldwide economic crisis. Perhaps even more powerful, though, is how mobile is transforming adjacent industries, such as education, healthcare, payments and transactions, transportation and utilities. Mobile is connecting the world as no other technology has before.”

Over the next four years, 2012 through 2015, the mobile industry will invest US$793 billion in capital and contribute US$2.7 trillion to public funding1 across the globe, the research noted.

Beyond the global economic impact, mobile is a significant factor in the growth of local economies. According to the World Bank, a 10% increase in mobile penetration drives a 0.6% increase in a developed country’s GDP and a 0.81% increase a developing country’s GDP. In low-to-middle income countries, a 10% increase in Mobile Broadband penetration yields a 1.4% increase in GDP.

According to GSMA, mobile operators are focusing on several key areas that will contribute to further industry growth. These include making continued significant investments in Mobile Broadband and LTE technologies to connect the world’s population to the Internet; accelerating the adoption of embedded mobile technology to create the ‘Connected Life’; and driving the adoption of SIM-based mobile NFC handsets and services to grow mCommerce. Through these and many other initiatives, and through organic growth, the mobile industry will experience significant improvement across all key economic metrics.

“As an industry, we will build the Connected Economy while ensuring interoperability of services across operators, networks and countries,” continued Bouverot. “We will provide a single point of trusted customer care to users to address any issues related to their devices or services. We will ensure the security of our customers’ services and data. And we will respect and protect our customers’ privacy. That has always been, and will continue to be, mobile operators’ core promise.”

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Mobile industry set to grow to US$1.9trn in 2015