Total mobile communications services revenue in the Asia Pacific (APAC) region is expected to grow at a compound annual growth rate (CAGR) of 4%, from $321.9 billion (€294.3 billion) in 2023 to $388.7 billion in 2028. I am. According to data and analytics company GlobalData, the 5G mobile data services sector.
analysis of GlobalData’s Asia Pacific Mobile Broadband Forecast Pack (Q4 2023) reveals that mobile data services will remain the largest revenue contributing segment to the overall mobile services market in the region from 2023 to 2028. This growth will be primarily driven by high average revenue per user (ARPU) expansion and increased adoption of its 5G services in the region.
Hrushikesh Mahananda, Telecommunications Analyst at GlobalData, commented: “5G services have already been launched in almost all developed markets, including Australia, China, Japan, Hong Kong and South Korea, and will soon be launched in countries such as Bangladesh and Sri Lanka.The revenue outlook for the mobile data sector is It will remain strong throughout the forecast period. For example, telecom operators such as Grameenphone, Robi, Teletalk in Bangladesh, Dialogue and Airtel in Sri Lanka have conducted demonstrations of 5G networks in major cities of their respective countries. We are preparing to roll out 5G services by the end of the year.”
Government support for 5G expansion will also strengthen the mobile data services market in the region. Telecom regulators and competent authorities in countries such as Australia, China, India, South Korea, Japan, and Taiwan have launched national 5G strategies/action plans to establish 5G ecosystems and drive the expansion of 5G coverage. It outlines the vision and guidelines. These action plans include public sector investment in 5G applications, tax incentives, industry-government collaboration forums, fostering 5G-driven innovation, and licensing agreements to enhance spectrum use and reuse. This includes supporting initiatives.
China will remain the world’s largest 5G market throughout the forecast period, with 88 percent of mobile phone subscriptions to be on 5G networks by 2028. This will be primarily driven by investments in telecom companies and efforts by regulators to expand the reach of 5G services to rural and industrial areas. We will develop parks and promote the spread of 5G.
Mahananda further added, “Average monthly data usage (excluding voice-only subscriptions) will increase significantly due to the launch of 5G services and expansion across regional markets, from 22.5GB in 2023 to 40.7GB in 2028. The consumption of online video and social media content via smartphones is expected to increase due to the increasing availability and deployment of 5G services, data-centric packages offered by MNOs, and the level of mobile broadband penetration. The increasing trend is also expected to drive growth in mobile data usage levels throughout the forecast. period. “
APAC has become the epicenter of the technology race for 5G+ supremacy. South Korea, Japan, and China are working to develop broader 5G ecosystems beyond just 5G deployment. This also means supporting these countries’ vast electronics manufacturing and ICT industries and promoting IoT/M2M opportunities.
Mahananda said, “While the mobile data sector will continue its growth trajectory, mobile voice services revenue will decline at a CAGR of 5% over the forecast period as consumers continue to migrate to OTT/Internet-based communication services. ” concluded.
