Data is very exciting when it comes to the mobile industry in Mexico and stakes related to start-up scenes, and emerging areas such as the Internet of Things (IoT) and machine-to-machine (M2M), digital commerce, mobile security and all-IP communications.
It is now obvious that, Mobile drives significant improvements in
productivity and efficiency for workers and firms, providing faster and easier
access to information, saving money and time, and facilitating the increased
digitization of businesses across many sectors of the Global economy.
According to a new GSMA report, ‘Country Overview: Mexico - Mobile Driving
Growth, Innovation and Opportunity’, authored by GSMA Intelligence, the
mobile industry in Mexico generated $40 billion in value-added terms last year,
accounting for almost 3.5 per cent of the country’s GDP.
The study finds that recent market reforms in Mexico have served to
increase mobile affordability, competition and investment.
GSMA Intelligence forecasts that the total contribution of the mobile sector to
the Mexico economy will increase from $40 billion in 2015 (3.5 per cent of GDP)
to $52 billion by 2020. This GDP impact includes both direct and indirect
contributions, and the productivity gains made possible by mobile technology
and services.
For those who are unfamiliar, Mexico is the second-largest mobile market in
Latin America after Brazil. There were 88 million unique mobile subscribers in
Mexico at the end of 2015, and nearly 104 million total mobile connections in
Mexico by this point.
According to GSMA Intelligence, Mexico’s mobile operators are expected to
invest $11 billion between 2016 and 2020, focusing particularly on building-out
4G network coverage.
From 52 % in 2015, the national
4G coverage is expected to reach 85 % by 2020.