Europe’s mobile economy to reach EUR 720 bn by 2022

The European mobile economy is expected to increase to EUR 720 billion (4.1 per cent of GDP) by 2022 up from EUR 550 billion (3.3 per cent of GDP) in 2017.

Europe’s mobile ecosystem is forecast to account for more than 4 per cent of the region’s GDP by 2022, but the right regulatory action must be taken to position Europe as a global 5G leader and establish a genuine EU Digital Single Market, according to a new report published by the GSMA.

“5G networks in Europe are expected to provide coverage to almost three-quarters of the region’s population by 2025 and Europe is set to become the world’s third largest 5G market behind Asia Pacific and North America by this point,” commented Mats Granryd, Director General of the GSMA.

“However, success in the 5G era will rest on the ability of governments to implement forward-looking regulatory frameworks that encourage sustainable investment, drive innovation and protect consumers,” added Granryd.

Europe is the most highly penetrated regional mobile market in the world. According to today’s report, there were 465 million unique mobile subscribers in Europe at the end of 2017, representing 85 per cent of the population. This is forecast to grow to 481 million – 88 per cent of the population – by 2025.

Although there is still headroom for 4G growth in many markets, the first 5G launches by European mobile operators are anticipated by the end of the decade. By 2025, it is forecast that 5G will account for around 200 million connections, corresponding to a 29 per cent share of total connections in Europe.