How much do you pay for your mobile phone?
By 2020, mobile phone subscriptions are expected to account for 10% of all monthly internet use in Australia, according to a report from research firm Aon Hewitt.
This is equivalent to one smartphone per person in Australia.
The Aon-Hewitt study predicts a 5.6% growth in smartphone usage between 2020 and 2030.
However, the research suggests that in the meantime, the smartphone market will likely continue to grow.
The study predicts that by 2030, Australians will spend more than $8 billion on their mobile phones.
This represents a 9.4% increase on the $7.6 billion spent in 2020.
The report also predicts that consumers will spend about $7 billion on mobile broadband subscriptions by 2030.
The research suggests Australians will have to spend $6 billion more on broadband in order to achieve a comparable level of investment in new broadband infrastructure.
Aon has projected the Australian consumer’s mobile broadband expenditure will reach $6.6 trillion by 2040.
However this includes the costs of network expansion and maintenance, as well as any costs associated with the deployment of new technologies.
The average consumer spends $8.30 on mobile internet each month.
While the research is positive, it does raise some questions about the long-term viability of mobile broadband.
For example, is the technology that Aon is forecasting capable of delivering a high quality mobile broadband experience?
Does it deliver a strong signal, and do users experience lag times and data speeds that are not available on standard broadband?
Will the technology deliver the same level of quality as broadband delivered by the traditional telephone networks, which often have lower latency and are generally slower to upload and download?
What about the cost of maintaining the network?
And is there a cost to the consumer to have the same or lower quality mobile service, given the cost to install it?
Aon’s research also highlights the challenges that are faced by the mobile phone industry.
The network operators are responsible for paying for the infrastructure to provide service.
The cost of network upgrade costs, maintenance and maintenance maintenance of the network is another issue that is currently being addressed by the Australian Communications and Media Authority (ACMA).
A spokesperson from the ACMA said: “In line with its mandate to ensure the reliability of telecommunications services, the ACCM is working with industry stakeholders to determine the costs and benefits of the telecommunications sector’s upgrade plans.
The ACCM’s assessment of the costs to consumers and the cost and benefit of upgrading the network has not yet been finalised.”
The ACCC has also been investigating the cost effectiveness of the Australian mobile broadband industry.
Earlier this year, the ACC launched a national inquiry into the mobile broadband market.
The inquiry has so far identified more than 70 issues that need to be addressed in order for Australia to reach the goal of universal access to mobile broadband services by 2030 by achieving a 4G network.