Mobile Industry in North American Economy by 2020

Across the world, the mobile industry is deeply impacting the classic economy with a set of technologies and services that everyone and companies can leverage for numerous tasks and processes. 

One can then observe that, North America’s mobile industry will be worth almost $1 trillion a year to the region’s economy by 2020, according to a new GSMA study. 

I can recall that, the new report, ‘The Mobile Economy: North America2016’, forecasts that the North America region’s pioneering role in areas such as 5G, the Internet of Things (IoT), smart cities and connected cars will see the industry account for 4.5 per cent ($1 trillion) of projected regional GDP by the end of the decade, up from 3.6 per cent ($710 billion) last year.