Your cart is currently empty!
Bangladesh Telecommunications Market Poised for Remarkable Growth by 2031
NEWS PROVIDED BY
Idem Est Research & Advisory
May 27, 2024, 16:00 AEST
Bangladesh Telecoms Industry Market Report forecasts 256m mobile and broadband subscribers by 2031
Sydney, May 27, 2024 /Newswire/ — Idem Est Research and Advisory, a boutique telecommunications and digital infrastructure market research and advisory firm, released today new research with the publication of the Bangladesh Telecoms Industry, 2024-2031 report.
The report highlights significant growth in satellite broadband subscribers, mobile network infrastructure, and the emergence of 5G technology, positioning Bangladesh as a key player in the global telecommunications landscape.
Satellite Broadband Surge
The satellite broadband sector in Bangladesh is set for an extraordinary rise. The market is projected to achieve a remarkable average annual growth rate of 72.7%, reaching 3.9 million subscribers by 2031. This growth is driven by global Low Earth Orbit (LEO) constellation projects like Starlink, Project Kuiper, and One Web, which aim to bridge the digital divide in remote and underserved areas.
Telecom Towers Infrastructure Expansion
The mobile tower market in Bangladesh reached approximately 52,000 towers in 2023, with an estimated additional 20,000 to 32,000 towers needed to meet adequate coverage and capacity requirements.
5G Network and Mobile Subscribers
By the end of 2024, 5G is expected to be launched, reaching 11 million by 2026. The total number of mobile subscribers is forecasted to increase to a mobile penetration reaching 124.7 per 100 people. This growth is fuelled by increased device affordability, higher population income, and the widespread adoption of smartphones.
Economic Impact and Investment
The telecommunications sector is projected to contribute significantly to the economy, with total telecom market revenue expected to grow to BDT 817.5 billion by 2031. Capital expenditure (Capex) is also set to increase, with network investments anticipated to grow from BDT 70 billion in 2023 with an average annual growth rate of 6.1%.
Challenges and Opportunities
Despite the positive outlook, the report identifies several challenges, including regulatory uncertainty, high spectrum costs, and the need for substantial infrastructure investments. However, the potential for mergers and acquisitions, coupled with diversification into digital services, e-commerce, IoT, and AI, presents significant opportunities for growth and innovation within the sector.
Strategic Initiatives and Future Outlook
The government and industry stakeholders are urged to focus on strategic initiatives such as the implementation of a spectrum roadmap, further investment in fibre backhaul for mobile towers, and the deployment of FTTH (Fiber to the Home) to enhance connectivity.
Bangladesh’s dynamic and understudied telecommunications market is one of the remaining last frontier offering investment opportunities in mobile and fixed digital infrastructure. Although Bangladesh’s greenfield telecom market holds huge potential, opportunities must be viewed in light of real challenges, including a challenging and complex regulatory regime, a lack of physical supporting infrastructure and stable and reliable power transmission and distribution.
“Idem Est Research forecasts growth in mobile and fixed broadband subscribers to reach 283 million by 2031 and an increase of 100 million internet users by the same year. The telecommunications industry is expected to maintain growth momentum, with an average growth rate of 6.3% from 2023 to 2031”, says Landry Fevre, Idem Est Research & Advisory’s Director
“Bangladesh has low fibre-to-the-home (FTTH) penetration and is expected to see strong growth in fixed broadband subscribers from 30% household penetration today. The report highlights so far, inbound transactions in the tower market but more limited investments in fibre networks,” added Landry Fevre
Key companies mentioned in this report:
Aamra Networks, AB High Tech, ADN Telecom, AmberIT Banglalink, BDCom, BTCL, BSCC, Frontier Towers Bangladesh, edotco, Grameenphone, Kirtonkhola Tower Bangladesh, KTBL, Robi Axiata, Summit Communications, TASC Summit Towers, Teletalk, Triangle
Download the full report: https://idemest.com/reports/bangladesh-telecoms-report-mobile-broadband-market-industry-analysis/
Starlink Company Profile:
About Idem Est Research Advisory
Idem Est Research and Advisory is a boutique telecommunications and digital infrastructure market research and advisory. Idem Est Research provides leading telecoms research helping our clients stay updated on the latest telecoms sector and digital infrastructure developments. The reports provide analyses of mobile and broadband markets, capital expenditure, 5-year forecasts, key telecom trends and thematic such as 5G and telecoms digital infrastructure, as well as other statistics of the telco industry.
Our independent approach allows us to place the trends and drivers fully into context and analyse the industry as a whole from different, unbiased perspectives. Alongside the facts and figures, Idem Est Research draws on three decades of experience to provide incisive commentary and analysis. This brings visibility to the business drivers, challenges, decision-making and future direction of the telecoms sector.
To learn more, visit www.idemest.com.
Contact Information:
For media inquiries, please contact:
Landry Fevre
landry@idemest.com
SOURCE Idem Est Research & Advisory