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Philippines Telecom Sector Poised for Explosive Growth: New Report Forecasts Surge in Mobile and Broadband Connectivity by 2031
NEWS PROVIDED BY
Idem Est Research & Advisory
Philippines Telecom Industry Market Report forecasts 186m mobile and fixed broadband subscribers by 2031
Sydney, 18 April 2024 – Idem Est Research, a leading provider of TMT market intelligence and advisory, today announces its in-depth analysis of the dynamic and burgeoning telecommunications market in the Philippines. The latest market report on the Philippines telecommunications sector from Idem Est Research, covering the period from 2024 to 2031, reveals significant growth and transformative changes across the mobile, broadband, and satellite internet markets.
Mobile Market Sees Dynamic Competition and Growth
The mobile telecommunications landscape in the Philippines is experiencing rapid expansion and competitive diversification, with the entry of DITO Telecommunity challenging the long-standing duopoly of PLDT and Globe. The report forecasts a robust annual growth rate of 4.2% in mobile subscribers through 2031, underpinned by widespread adoption of 4G technologies and the rollout of 5G networks. Smartphone penetration, already at 80% in 2024, is expected to increase, driving mobile revenue growth to PHP 258 million by 2031.
Broadband Market Expands with Government and Private Sector Investments
The broadband sector is marked by a promising increase in subscriber numbers, anticipated to rise to 14 million by 2031. This growth is driven by private initiatives from PLDT, Globe and Converge ICT aimed at boosting internet accessibility and significant private investments in fibre optic infrastructure. The expansion of fibre-to-the-home (FTTH) services, growing at an annual rate of 7.1%, is set to dramatically increase broadband coverage, bridging the digital divide, especially in rural areas.
Satellite Internet Connectivity to Enhance National Coverage
The satellite broadband market is poised for substantial growth, with subscriber numbers expected to increase from 86,000 with Starlink taking the lion’s share of that market. “Idem Est Research forecasts that satellite Internet subscribers will reach 1.6 million by 2031 while the fixed broadband market continues to grow. “The telecommunications industry is expected to maintain revenue growth momentum, with an average growth rate of 2.6% from 2024 to 2031”, says Landry Fevre, Idem Est Research & Advisory’s Director
Idem Est Research and Advisory’s report on the Philippines telecom market serves as a valuable resource for industry stakeholders, investors, and policymakers looking to gain a comprehensive understanding of the sector. The analysis highlights the immense potential and opportunities for both local and international players to contribute to the development and innovation of the telecom industry in the Philippines.
KEY COMPANIES MENTIONED IN THIS AUSTRALIA TELECOMS INDUSTRY REPORT:
ABS-CBN, Unity Digital Infrastructure, ALT Global Solutions Inc., American Tower, Bayantel, Chelsea Logistics and Infrastructure Holdings Corp., Converge ICT, DITO Telecommunity, edotco, Edgepoint, Frontier Tower Associates, Globe Telecom, Miescor, Mislatel, Now Corp, Phil Tower, PLDT, Radius Telecom, Royal Cable, Sky Cable, Sky Broadband, Starlink, Udenna
Download the full report: https://idemest.com/reports/philippines-telecoms-report-mobile-broadband-market-industry-analysis/
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, 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
This release was published on openPR