A new GSMA study entitled “The Mobile Economy: North America 2016” finds that mobile technologies contributed $710 billion in economic activity (3.6% of GDP) to North America in 2015 and will grow to almost $1 trillion in economic activity (4.5 of GDP) in 2020.
Here are some of the key findings regarding mobile technologies in North America:
- In 2015, the mobile ecosystem supported 2.3 million jobs.
- In 2015, the number of unique subscribers was 284 million and the mobile economy had a penetration rate of 79%. By the end of 2020, those figures are expected to grow to 315 million and 85%, respectively.
- In 2015, smartphones represented 74% of mobile connections and 4G represented 55% of mobile connections.
- Venture-capital investments in mobile and telecommunication services totaled $16.5 billion in 2015, a 41% increase from 2014.
- The mobile economy will invest nearly $170 billion in spectrum and network deployment from 2015 to 2020.
- In 2015, the mobile economy raised $82 billion in the form of general taxation and an additional $46 billion in government revenues from spectrum auctions.