Ahead of the GSMA’s Post-MWC sharing event in Beijing, the GSMA has released the Mobile Economy China 2024 report. The report predicts that more than half of China’s mobile connections will be 5G by the end of 2024. The contribution of 5G to China’s GDP is expected to reach approximately $260 billion in 2030, representing 23% of the total annual economic impact of mobile in China. . Also, by 2030, China’s 5G connections will account for nearly a third of the world’s total, and 5G penetration in China will reach almost 90%, making it one of the world’s leading markets. .
Mats Granlid, GSMA Director General, said: Said: “It’s great to see China, the world’s largest 5G market, so committed to the GSMA’s Open Gateway Initiative to foster the growth and maturation of the technology. China’s 5G connections this year 1 billion, expect further investment and potential in advances such as 5G-Advanced, 5G New Calling, and 5G RedCap to improve user experience and create new revenue streams for carriers .”
Meanwhile, China’s leading carriers remain committed to the GSMA Open Gateway Initiative, the GSMA shared today in a media briefing ahead of its post-MWC sharing event in Beijing. This event brings together industry leaders from the digital ecosystem to share their vision on key and important trends. Opportunities in 2024 and collaboration between Chinese industry and the international community. GSMA has launched Open Gateway at his MWC Barcelona 2023. Today, China’s three major mobile carriers, China Mobile, China Telecom, and China Unicom, announced the commercial launch of their one-time password (OTP) API as part of their participation in GSMA Open. Gateway initiatives. Additionally, CITIC Telecom, Huawei, and ZTE become the latest Chinese technology giants to commit to the GSMA Open Gateway.
China’s 5G market continues to mature, leading to both increased connectivity and broader economic value. Due to the speed of network deployment and the maturation of the device ecosystem, 5G adoption is growing faster than expected. More than 800 million mobile connections in China are already 5G. This year, the proportion of 5G connections will rise from 45% to more than 50%, becoming the main mobile technology in the country, and the total number of connections is expected to exceed 1 billion by the end of 2024.
The Mobile Economy China Report released at the event also revealed:
- Currently, China has 1.28 billion unique mobile subscribers, with a penetration rate of 88%.
- The overall contribution of mobile to China’s economy in 2023 reached $970 billion, or 5.5% of GDP
- 5G is expected to reach 1.6 billion connections in 2030, representing one-third of the world’s total connections and contributing $260 billion to China’s GDP.
- 290 million more people are using mobile internet in China compared to eight years ago (2015), narrowing the domestic usage gap from 43% to just 16%.
- China’s mobile data traffic is expected to quadruple by the end of 2020
The entire ecosystem currently supports nearly 8 million jobs in the country and contributes $110 billion annually through taxes, with carrier revenues reaching $225 billion in 2023. By the end of the decade, the annual economic contribution from China’s mobile sector is expected to exceed $1 trillion.
A further key driver of 5G growth in China is the expanded use of the 6 GHz spectrum band. China designated the 6 GHz band as IMT in domestic law in June 2023 to provide unparalleled contiguous wide bandwidth in the mid-band, which is essential for the success of its future 5G evolution. It became the world’s first country.
MWC Shanghai to reopen in 2024
The attention and excitement of the post-MWC shared event has inevitably turned to the return of MWC Shanghai 2024 after its successful 10th anniversary last year. It will be held at the New International Expo Center from the 26th.th up to 28th June 2024 will once again feature industry-leading insights and presentations from key technology industry decision makers on current and future trends.
Under the overarching theme “Future First,” the three sub-themes of 5G & Beyond, AI Economy, and Manufacturing DX bring together the world’s industries, technologies, and communities to realize future possibilities and be at the forefront of change. I aim to do that.
The 5G IN Zone will also return to MWC Shanghai, inviting attendees to explore technology-related innovations happening in vertical industries such as AI, IoT, edge computing, and AR/VR. 5G IN stands for 5G Innovation and Investment and is part of the GSMA Foundry project, which brings together mobile operators, industry and ecosystem partners, and investors to stimulate 5G innovation and foster cross-sector collaboration. One.
We are also pleased to host the GSMA’s Asia Mobile Awards (AMO), the region’s connectivity industry’s most prestigious awards. Created to celebrate the individuals, organizations and partnerships that move our industry forward. A face-to-face event will be held at MWC Shanghai
Sihan Bo Cheng, Head of Greater China, GSMA, commented: “MWC Shanghai has quickly become China’s premier technology and telecommunications event. We look forward to convening leading companies in the sector and companies from adjacent industries across this dynamic region. Developments in AI, computing, and 5G advanced are driving a new wave of potential growth, which is reinforced by the growth and impact of his 5G in China. We believe that China and the rest of the Asian ecosystem will drive even more cross-cutting innovation globally in the coming years. ”
MWC Shanghai provides an essential and strategic platform to convene and drive the digital ecosystem. Pre-registration is now available at www.mwcshanghai.com.
Click here to download the Mobile Economy China 2024 report.
About GSMA
GSMA is a global organization that unites the mobile ecosystem to discover, develop and deliver innovations that are fundamental to positive business environments and social change. Our vision is to unleash the power of connectivity to help people, industries and societies thrive. Representing mobile operators and organizations across the mobile ecosystem and adjacent industries, GSMA offers its members his three big pillars: Connectivity for Good, Industry Services and Solutions, and Outreach. This work includes advancing policy, addressing today’s biggest societal challenges, building the technology and interoperability foundations that enable mobile capabilities, and convening the mobile ecosystem at his MWC and M360 series of events. Includes the world’s largest platform offering.
For more information, please visit gsma.com.
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