In developing Asia, there will be a quicker increase in mobile users, the increasing availability of cheap phones and the efforts of local governments to enhance and expand mobile network coverage. According to a new report, the revenue from mobile broadband services in the Asia-Pacific region is expected to increase from $229.6 billion in 2024 to $296.2 billion in 2029, driven by the expansion of 5G services, with a CAGR of 5.2 per cent.

Government backing for the growth of 5G will also enhance the market for mobile data services in the area.

"With 5G services already available in most of the developed countries like China, Japan, Australia, Hong Kong, India, and Korea, and set to be launched soon in emerging markets like Bangladesh, Pakistan, and Sri Lanka, revenue prospects for the mobile data segment will remain strong throughout the forecast period," said Sarwat Zeeshan, telecom analyst at GlobalData.

Taiwan, Singapore, China, South Korea, and Japan are the primary 5G markets based on the proportion of 5G subscriptions compared to total subscriptions. By 2029, the government's promotion of 5G technology in Taiwan is expected to result in 94.6 percent of mobile subscribers using 5G.

"APAC has also become the centre of a technological race for 5G+ supremacy," said Zeeshan.