Standardisation has helped the mobile industry to evolve, touching everything from commerce to healthcare. The impact is huge. In 2019, mobile technologies and services contributed $4.1 trillion of additional economic value (around 4.7% of global GDP), equating to around $490 billion in tax revenue.
Standardisation forms a set of blueprints for the mobile industry and connected technologies, such as Internet of Things (IoT) devices, encouraging competition by creating a level playing field as well as helping the market as a whole innovate to meet evolving consumer needs.