The GSMA estimates that 700 million users will subscribe to mobile services by 2025 pushing the total number of mobile subscribers to 5.8 billion compared to 5.1 billion in 2018. This will push global penetration to 71 percent.
Over 350 million of these new users will come from the Asia Pacific region while a quarter will come from Sub-Saharan Africa.
The report published by GSMA Intelligence projects 5G technologies are expected to contribute $2.2 trillion to the global economy over the next 15 years.
Already, countries are reaping the benefits of increased take-up of mobile services which will contribute about $4.8 trillion (4.8 percent of GDP) by 2023.
Additionally, 1.4 billion people will start using mobile internet in the next seven years bringing the total number of mobile internet subscribers globally to 5 billion by 2025.
This will in effect rope in more people accessing mobile-based tools and solutions in sectors such as agriculture, education and healthcare that aim to improve livelihoods in low to middle-income countries.