The Mobile Economy North America 2024 (GSMA)

Summary

• 5G's contribution to GDP in North America is projected to exceed $210 billion by 2030.p.4
• This accounts for more than 15% of the region's overall mobile economic impact.p.4
• The mobile ecosystem supports 2.7 million jobs directly and indirectly.p.4
• The mobile ecosystem raised $130 billion through taxation in 2023.p.4
• By the middle of 2024, 5G accounted for over 55% of connections in the region.p.5
• The US reached nearly 10 million 5G fixed wireless access subscribers at the end of Q2 2024.p.5

Key insights

1. The US and Canada are among global frontrunners in 5G adoption.p.4
2. Operators have begun deploying 5G standalone networks and leveraging 5G-Advanced.p.5
3. There is growing interest in 5G RedCap as an enabler for mid-tier cellular IoT applications.p.5
4. Private wireless networks are entering a new chapter thanks to evolving 4G and 5G networks.p.5
5. Generative AI, satellite expansion and network API exposure are seen as critical to generating new revenue.p.4