Mobile Broadband Services Boosts Australian Economy

Mobile Broadband Services Boosts Australian Economy

According to a report commissioned by the Australian Communications and Media Authority (ACMA), entitled The Economic Impacts of Mobile Broadband on the Australian Economy From 2006 to 2013, the productivity growth from the mobile communications sector contributed AU$7.3 billion in economic activity and another AU$26.5 billion worth of time savings for the nation’s businesses.

Australians using mobile broadband services added AU$33.8 billion to economic activity in the country in 2013.
The report measured that between 2006 and 2013, productivity growth was 11.3 percent per year, but would have been 6.7 percent per year without mobile broadband. In that time, prices for mobile broadband were measured to have declined by 8.4 percent per year. Smartphones were said to use an average of 1.7GB of data per month in Australia in 2013, while this is set to rise to 3GB per month by 2017, as the availability of 4G devices and networks increases.

Australians would each have about $650 less in their pockets if mobile broadband didn’t exist
The technology has saved businesses time and money and made consumers more productive. The mobile communications sector has grown rapidly since 2006, with data use increasing 1000-fold. Data is projected to continue to grow at an annual rate of 38 per cent, quadrupling to 81.1 million gigabytes by 2017.

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