The $1.2 Trillion Revenue Opportunity for Mobile Operators by 2020
Published on: 10th Oct 2011
Note -- this news article is more than a year old.
The GSMA has published research that shows that the number of total connected wireless devices is expected to increase from approximately 9 billion today to more than 24 billion in 2020 and within that mobile phones and tablets will double from more than 6 billion today to 12 billion in 2020.
This explosive growth will support an addressable revenue opportunity for mobile operators of nearly US$1.2 trillion by 2020, a sevenfold increase from expected revenues in 2011.
"We are entering the next phase in the development of the mobile industry, one where we will see mobile connect everything in our lives," said Michael O'Hara, chief marketing officer, GSMA. "In this new Connected Life, mobile will transform society and will have a profound effect on the way we interact not only with each other, but also with our surroundings. However, capitalising on this enormous opportunity requires collaboration across the entire ecosystem to demonstrate how mobile technology in everything from tablet PCs to new healthcare devices can enhance people's personal and business lives."
Mobile operators can benefit from this important revenue opportunity by addressing key areas of the value chain such as service provision and system integration, as well as collaborating more closely with vertical industry sectors to provide compelling new services to their customers.
The sectors that will benefit from this collaboration include the consumer electronics industry, which could generate direct revenues of USD445 billion; the automotive sector, which could generate USD202 billion in revenues; the health sector, which could see growth of USD69 billion; and the utilities sector, which could see an additional USD36 billion in revenue by 2020.