14 February 2016

Mobile phone access reaches three-quarters of planet's population

19 July 2012  |  9148 views  |  0 iPhone on top of Keyboard

Around three-quarters of the world's population now have access to a mobile phone, sparking the creation of an emerging 'app economy', according to a new report by the World Bank.

The number of mobile subscriptions in use worldwide, both pre-paid and post-paid, has grown from fewer than 1 billion in 2000 to over 6 billion now, says the World Bank, of which nearly 5 billion are in developing countries. Last year alone, mobile users worldwide downloaded more than 30 billion apps.

The report explores the consequences for development of this emerging 'app economy', especially in agriculture, health, financial services and government, and how it is changing approaches to entrepreneurship and employment in the developing world.

The report emphasises the role of governments in enabling mobile application development and highlights how mobile innovation labs - shared spaces for training developers and incubating start-ups - can help bring new apps to market.

Valerie D'Costa, program manager of infoDev, the World Bank's technology entrepreneurship and innovation arm, says: "Most businesses based around mobile app technology are at an early stage of development, but may hold enormous employment and economic potential, similar to that of the software industry in the 1980s and 1990s. Supporting the networking and incubation of entrepreneurs is essential to ensure that such potential is tapped."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

13 July, 2012
22 June, 2012
19 June, 2012
13 June, 2012
25 April, 2012
20 April, 2012
24 October, 2011
08 April, 2011
23 February, 2011
29 April, 2010
30 September, 2009
15 September, 2009

Related company news

 

Top topics

Most viewed Most shared
UK sets out open banking API frameworkUK sets out open banking API framework
16993 views comments | 108 tweets | 91 linkedin
Deutsche Bank calls for co-operation with fintech firms on B2B servicesDeutsche Bank calls for co-operation with...
9468 views comments | 31 tweets | 30 linkedin
How to accelerate your fintech startupHow to accelerate your fintech startup
9169 views comments | 36 tweets | 10 linkedin
Is Paym a failure?Is Paym a failure?
7513 views 17 comments | 23 tweets | 16 linkedin
Visa issues API to offer consumer control over card transactionsVisa issues API to offer consumer control...
6793 views comments | 17 tweets | 28 linkedin

Featured job

Competitive Package
New York City, NY. USA

Find your next job