Pakistan’s digital economy is poised to double between 2016 and 2025, driven by emerging technologies like IoT and 5G.
- In 2019, the ICT core industry accounted for 1.2% of Pakistan’s GDP, with IT and Telecom contributing around 2.7%. Projections indicate that by 2025, the combined contribution of the digital and IT sectors to the GDP is expected to surge to 13%. || Source: Ministry of Information Technology and Telecommunication (MoITT)
+ In 2018, the mobile ecosystem’s economic contribution in Pakistan amounted to $16.7 billion, constituting 5.4% of GDP. By 2023, this figure surged by 22% to reach $24 billion. || Source: GSMA - The IoT market in Pakistan is expected to achieve a revenue of US$6bn in 2023, projected to grow at an annual rate of 24%, resulting in a market volume of US$17bn by 2028. || Source: Statista
+ Within different segments, Automotive IoT is expected to lead the market, contributing half the total revenue. - About 30% of the regional capital expenditure will focus on 5G networks, contrasting with 40% in India and Sri Lanka but only 10% in Pakistan due to the ongoing lifecycle of 3G/4G. || Source: GSMA
