5G APAC
Mobile connectivity has proven to be pivotal in driving digital innovation across the Asia Pacific, fostering advancements in various sectors and significantly impacting economic growth. This connectivity underpins transformative technologies that benefit individuals, enterprises, and governments alike, from enhancing healthcare and enabling Industry 4.0 to aiding communities affected by climate-related and geophysical disasters.
The mobile phone market in Bangladesh has reportedly shown resilient growth in the first quarter of 2024. Despite challenges posed by heavy taxation and economic pressures, the market saw a modest 1.7% year-over-year (YoY) growth, shipping 4 million units.
Artificial intelligence (AI) has emerged as a transformative force worldwide, and India is no exception. Projections suggest that the global AI market could reach between USD 320 billion and USD 380 billion by 2027, growing at an impressive compound annual growth rate (CAGR) of 25% to 35%. This puts a spotlight on India's rapidly expanding AI sector. According to a report titled "AI Powered Tech Services: A Roadmap for Future Ready Firms; AI & GenAI's Role in Turbocharging the Industry," launched at the Nasscom Technology & Leadership Forum 2024, the growth and potential of AI in India are significant and promising.
Malaysia, a country celebrated for its abundant cultural legacy and varied economic landscape, is currently actively pursuing technological advancement.
The Asia Pacific is home to some of the world's most digitally connected countries as well as some of the least connected. According to a report, internet penetration rates vary widely across the region, with countries like South Korea, Japan, and Singapore boasting nearly universal internet access, while nations like Myanmar, Papua New Guinea, and several Pacific Island countries exhibit limited connectivity.
In the Asia Pacific (APAC) region, the telecom industry plays an indispensable role in maintaining connectivity during times of conflict, especially in cross-border disputes. These conflicts often strain telecom infrastructure, but the sector's efforts to ensure reliable communication are crucial for maintaining social stability, economic activity, and emergency responses.
The Asia-Pacific cloud infrastructure market is currently undergoing a transformative boom, poised to achieve a staggering market valuation of USD 593.7 billion by 2032.
The Asia Pacific is currently witnessing an unprecedented surge in generative AI (GenAI) adoption, which is poised to propel its technological landscape into a new branch of innovation and efficiency.
The Asia Pacific region is experiencing a transformative wave of digitalization, significantly impacting the efficiency of public services. Telecom technologies are at the forefront of this evolution, enabling governments to improve service delivery, enhance citizen engagement, and drive socio-economic development.
Asia is home to more than half of the global population. In recent years, the region has experienced a significant increase in the adoption of technology and digital transformation, along with some of the fastest-growing digital economies.
