Hong Kong's mobile subscriber base has reached saturation point, with a population penetration of 95%, according to mobile industry body the GSM Association (GSMA).
The company's new report into APAC's mobile economy, published at Mobile World Congress Shanghai this week, shows that there are around 6.9 million mobile subscribers in Hong Kong.
While the penetration rate has grown from 90% as calculated in last year's study, the report notes that there is little room for growth.
But in terms of the percentage of subscribers to 4G services it is another story, with only around 40% of Hong Kong subscribers having made the switch to the faster technology as of 2015. The GSMA expects this to increase to 71% by 2020.
The report finds that as of 2015 62% of the APAC population was subscribed to a mobile service. The GSMA predicts that the region will add another 600 million new subscribers by 2020, increasing the penetration rate to nearly 75%.
Mobile accounted for an estimated 5.4% of APAC's GDP last year, equivalent to $1.3 trillion in economic value.
“More than half the world’s mobile subscribers are based in Asia Pacific and the region will be the main engine of global subscriber growth for the remainder of the decade,” said Mats Granryd, GSMA Director General.
“Rising subscriber penetration, alongside accelerating migration to faster networks and more advanced services, continues to fuel innovation and digitisation across both advanced and emerging markets in this highly diverse region. Mobile is helping Asia build digital societies that allow its citizens to access services, anytime and anywhere – and these mobile-powered digital societies are becoming major drivers of social and economic development.”