Modern technology gives us many things.

We’re so close to our smartphone we’d choose it over our wallet

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With 5G connectivity just around the corner that device in your pocket is going to be more important than ever with research showing we’re closer to our smartphones than ever before.

The Mobile Nation Report released by the Australian Mobile Telecommunications Association (AMTA) and the Deloitte Access Economics highlights how central our mobile devices are in our lives.

The mobile industry has actually grown by a staggering 43 per cent in the last six years and now plays a major in many industries across the country.

Nearly all Australians (94 per cent) take their phones with them whenever they leave the house, more often than their wallet or purse.

And when we are out, 48 per cent check their phone at least once every 30 minutes.

Our reliance on our smartphones is also evident with 84 per cent finding their device convenient (84 per cent), engaging (69 per cent) and helpful (66 per cent).

And for 71 per cent of users – it also makes them feel safer.

But it’s not all positive with concerns for data security (87 per cent) and 57 per cent worried they will become too reliant on their device.

Today 60 per cent of Australians admitted their mobile phones have replaced at least three items in their lives – a camera, home phones and phone books.

5G is just months away for many users which will make your smartphone connect faster and in a richer way.

The 5G network will offer a number of productivity benefits for the mobile industry which will be worth $65bn to the Australian economy by 2023 – equivalent to 3.1 per cent GDP.

John O’Mahony, lead author of the report and partner at Deloitte Access Economics, said: “Australia is a leading mobile nation, and the benefits of mobile telecommunications add value to our lives – both professionally and personally.

“This analysis demonstrates just how integral mobile has become to people and businesses, as well as the significant economic contribution of the industry.

“5G will support even greater productivity as a result of greater connectivity and network capacity, and the economic benefits will be felt across all industries.

“As 5G becomes a reality, the role of mobile will become even more central to revolutionising the way we interact with the world.”

Chris Althaus, CEO of AMTA, said: “The mobile industry is an enabler of economic growth with the industry itself making a significant contribution to GDP and employment. But the full benefits are much broader as it provides new pathways for businesses to create value, supports productivity and even helps people join the labour force.

“When it comes to the rollout of 5G, Australia is a leader. However, we need the government to play a key role to support the deployment of infrastructure to enable an effective 5G future that benefits Australian business and society while keeping us a global frontrunner.”