The Role of Technology in GDP Growth

The Role of Technology in GDP Growth

GSMA Intelligence has published an analysis that shows how radically they will change the global economy. For its part, advanced connectivity, along with mobile technologies, will contribute, according to the analysis, $11 trillion to global GDP in 2030 alone, more than 8.4% of the total, survey panelists emphasized. This is 84% ​​higher than the $6.5 trillion (5.8% of global GDP) recorded in 2024, demonstrating the growing economic impact of digitalization on the economy and the role of technology in the development of industries.

The GSMA Intelligence report on Economic Growth and the Digital Transformation of Enterprises 2025″ highlights manufacturing, financial services, automotive, and aviation as the main sectors that will contribute almost 34% of the $11 trillion impact that GSMA is projecting by 2030. Advanced connectivity will continue to transform these industries, generating significant cost savings and increased revenue globally. As industries around the world undergo a rapid digitalization process 5G is a fundamental component of economic growth, with nearly 85% of business owners considering 5G technology a prerequisite for their digital transformation strategies.

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With extremely fast data transmission, minimal latency, and massive device connectivity, 5G is enabling usage scenarios that were limited by previous-generation technologies. The report argues that industries pivoting to 5G technologies are experiencing an accelerated pace toward automation, AI integration, and IoT solutions. Pau Castells, Head of Economic Analysis at GSMA Intelligence, said, Truly advanced 5G connectivity is unlocking innovative new opportunities and growth.

Realizing its full potential requires more collaboration between policymakers, network developers, and businesses to address barriers to business adoption, such as high implementation costs and a lack of technical expertise. Addressing these issues together is a priority now more than ever because the scale of opportunities offered by this digital manufacturing revolution is far greater the more we work together. The manufacturing sector is growing as it now represents 23% of global GDP and faces major challenges such as supply chain failures and the need to meet climate change targets.

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It is encouraging that technology growth such as IoT, robotics, and big data will boost the sector’s GDP by $2.1 trillion by 2030. The report expects that by integrating cutting edge connectivity solutions, including 5G, manufacturers could save more than $400,000 each year. million dollars by 2030. Finance. The financial services sector currently contributes 7% to global GDP, undergoing a transformation driven by the widespread adoption of technologies including AI, blockchain, and the cloud.

These changes will boost the industry’s GDP by nearly $900 billion by 2030. Next-generation connectivity is essential to enable the creation of new channels for real-time data analysis, AI to improve efficiency, and increase QString for the commercialization of new products. Its economic impact will be significant by 2030, it could reach between $140,000 and $140 million in indirect benefits for the sector, stimulating and transforming it. Nine (9) of the 19 similar cases left by this tragedy, as was recalled in the case of Jose de la Rosa, which was recorded on November 9, were identified.

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Coordinating asctime Similar Cases, the aviation sector is contributing 1% to GDP while applying digital technologies to enhance operational efficiency and passenger experience. Digital transformation will capitalize on $200 billion of GDP growth for the sector by 2030. 5G-ready smart airport solutions, IoT, and AI-powered systems introduce infrastructure monitoring, asset tracking, and pace control, increasing safety and cutting spending by $10 trillion by 2030. Automotive.

The automotive sector accounts for 3% of global GDP and is undergoing an adoption-induced metamorphosis of connected, electric, and autonomous mobility solutions, six months before more than 50% of vehicles sold worldwide will be autonomous, connected, and powered, replacing manual control. By 2023, digital technologies are expected to add more than $900 billion and almost $600 billion to the sector’s GDP. 5G, for example, will play an important role in the approach to intelligent and behavioral car manufacturing

Conclusion

The COVID-19 pandemic boosted connectivity in digital life, especially in digital wages, through an increase in digital transactions. Between 42% of Latin American adults regularly use digital payments, and 11% adopted this payment channel amid the pandemic crisis,” according to ECLAC data. The use of electronic wallets (e-wallets) is accelerating by 40% annually, and they account for 11% of payments,” according to the 2023 Digital Society in Latin America Report. Another paradigm shift is the expansion of remote work, which has slowed worldwide.

According to the International Labor Organization (ILO), the most widely adopted option in this sector has been the labor-based process. By the second quarter of this year, just over 23 million people were teleworking in the region. However, ECLAC warns that, due to the peculiarities of the labor market in the region, the estimated rate is only 21.3%, also below the United States and Europe, where 40% of jobs can be remote. Other highlights of the report relate to cybersecurity in the region.

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