This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GSMA Report Reveals European Mobile Industry At A Crossroads

BRUSSELS, Sept. 5, 2013 /PRNewswire/ -- Ahead of today's GSMA Mobile 360- Europe conference in Brussels, the GSMA released a comprehensive assessment of the impact of the mobile industry in Europe. The report 1, "Mobile Economy Europe 2013", developed by GSMA Intelligence, reveals that in 2012, the mobile ecosystem generated approximately 2.1 per cent of GDP for the European Union (EU) – including contributions to public funding of €53 billion – and directly supported 394,000 jobs in the region.

The study also indicates that, despite having the world's highest unique subscriber penetration rate at 79 per cent, Europe is the only region to see revenues decline – from €162 billion in 2010 2 to €151 billion in 2012 - and is now falling behind in the deployment of next-generation mobile technologies and the advanced services they make possible. The report concludes with the opportunities presented in a world where nearly everything and everyone will be connected by mobile and the key role of smart policy and regulation in helping Europe maximise its potential.

" Europe was long viewed as a pioneer in mobile, but, as this report illustrates, is now lagging behind other regions in the deployment of mobile broadband, particularly in 4G/LTE," said Anne Bouverot, Director General, GSMA.  "Despite this, the mobile industry can play a key role in the European recovery, but this will require policy that encourages investment in mobile broadband connectivity, enables innovation and helps build consumer confidence in mobile services. This should be at the heart of the Commission's planned proposals on a single telecoms market."  

Europe Trails in Adoption of Next-Generation Mobile TechnologiesThe report issued today finds that Europe has fallen behind many other parts of the world in the deployment of Long Term Evolution (LTE) technology. At the end of 2012, LTE accounted for just 0.3 per cent of total devices in Europe, compared to 11 per cent in the U.S. and 28 per cent in South Korea. This reinforces research issued by the GSMA and Navigant Economics earlier this year 3, which showed that growth in investment in the U.S. is translating into faster data connections, with U.S. speeds now 75 per cent faster than the EU average, with the gap expected to grow.

Creating a Connected Europe – Helping Deliver the EU's 2020 Growth Strategy Despite the current challenges, "Connected Living" presents an important opportunity to expand the reach of mobile into key vertical industry sectors. The number of connected wireless devices in Europe is expected to grow to nearly six billion by 2020 4, around a quarter of the global total. The total addressable market for Connected Living in Europe could be as large as €234 billion 5 by 2020, offering a potential uplift of more than six per cent to the EU's GDP. The adoption of mobile technology in industry sectors such as automotive, commerce, education, health, government and utilities, among others will create opportunities for new business models and revenue streams, supporting growth, jobs, innovation and sustainability. 

The report also outlines a number of key areas where appropriate EU policy and regulation can help regain lost technology leadership by encouraging investment, reducing barriers to consolidation, enabling innovation and building consumer confidence.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs