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Thailand Telecom on the Rise: Modest Growth Amidst 5G Era and Market Shifts
NEWS PROVIDED BY
Idem Est Research & Advisory
15 November 2023, 21:00 AEST
Thailand Telecom Industry Market Report forecasts 113m mobile and fixed broadband subscribers by 2030
FOR IMMEDIATE RELEASE
Steady Growth Ahead for Thailand’s Telecom Market Despite Competitive Pressures
Key Highlights from the Thailand Telecoms Industry Report:
Bangkok, Thailand – A new report by Idem Est Research forecasts stable yet modest growth for Thailand’s telecommunications market over the next decade, as competitive and political pressures persist.
The report projects overall telecom revenue to expand at a 1.5% average annual rate from 2023-2030. Drivers include mobile data monetization, 5G network investment, and increased fixed broadband adoption.
In mobile, the report forecasts subscriptions to rise to 106 million by 2030, up just 0.9% annually. Intensifying competition and a maturing market will restrict mobile growth. The consumer shift to 4G/5G and postpaid plans will continue.
Fixed broadband presents opportunities, with household penetration at only 50% in 2022. Investments in fibre networks are fueling growth in high-speed subscriptions, projected to reach 65% million by 2030.
Thailand’s around 56,000 mobile towers are consolidating as 5G rolls out. Independent tower firms own 56% of towers, but revenue per tower will decline as operators merge and build smaller 5G towers.
While steady development is expected, competitive and political pressures will limit Thailand’s telecom growth versus other Asian markets. Yet new network investment and emerging technologies will drive moderate expansion.
“Thailand’s telecom sector faces challenges but has fundamentals supporting persistent growth,” said the report’s author, Landry Fevre. “Operators must adapt to market shifts and leverage new technologies to thrive amid fierce competition.”
A new report by Idem Est Research forecasts steady growth for Thailand’s telecommunications market over the next decade, despite ongoing political and economic challenges.
KEY COMPANIES MENTIONED IN THIS AUSTRALIA TELECOMS INDUSTRY REPORT:
3BB, Advanced Info Service (AIS), CAT Telecom, CS Loxinfo, DTAC, DTIF, Jasmine, JASIF, NBTC, NT (National Telecom), Symphony, Triple T, Telephone Organization of Thailand Corp (TOT), True Corporation, TrueMove, TrueOnline
Download the full report: https://idemest.com/reports/thailand-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 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.