Australian Economy Getting Boost from Mobile Broadband
GSMA, the leading body representing the global mobile industry, had faced much criticism during its last summit after it had claimed that mobile broadband could hold the key for bailing-out global economies from the ongoing recession. This observation did sound a bit like the GSMA was patting its own back, and some argued that it was an exaggeration as the mobile broadband solution providers have been trying to cut corners ever since the recession began. However, the story unfolding in the Australian economy has a different narrative that could well prove GSMA’s sentiments to be correct.
The Australian economy has found a rescuer in the form of increasing demand for mobile broadband solutions. This is stimulating the national productivity and the economy is clearly benefitting from this. According to leading economic experts, this demand for mobile internet connectivity and applications is strong enough to help in creating an annual dividend that could be as large as $7.4 billion. Leading economists at Concept Economics, a consultancy firm based in Australia, are of the opinion that wireless broadband is being widely embraced across the country and this has helped in improving things for the national economy by mitigating the effects of the economic slump.
He further highlighted the fact that mobile broadband growth has been mainly due to the small to medium-sized businesses as they are more flexible and are keen to adopt better connectivity solutions. Things look promising in the near future too, as the demand for various applications including mass data transfers, making wireless payments and video conferencing, is only bound to increase among such businesses. Further, nearly 58 % of these small to medium businesses that are currently using 3G applications are likely to increase their use of mobile broadband services in the coming months.
