Mobile Broadband Market Trends and Opportunities in Asia-Pacific - 2024

Mobile Broadband Market Trends and Opportunities in Asia-Pacific - 2024

Summary

Mobile Broadband Market Trends and Opportunities in Asia-Pacific - 2024,’ a new Telecom Insider Report by GlobalData, provides an executive-level overview of the mobile broadband market in Asia-Pacific. It delivers quantitative and qualitative insights into the mobile market, analyzing key trends, competitive dynamics, and growth drivers in the region.

It provides an in-depth analysis of the following -

• Section 1: Asia-Pacific in a Global Context: This section provides a comparison of Asia-Pacific's macro-economic KPIs, mobile telecoms market size, and trends with other regions.
• Section 2: Regional Market Trends and Competitive Dynamics: This section analyzes the competitive dynamics that have been shaping the Asia-Pacific mobile broadband markets over the past few years, including market entries, market exits, consolidations, and M&A activities.
• Section 3: Mobile Broadband Subscription Trends: Provides analysis, historical figures, and forecasts of mobile broadband subscriptions and usage trends in the region as well as their growth drivers.
• Section 4: Mobile Broadband Revenue Trends: Examines changes in the breakdown of overall revenue and ARPUs over 2023-2029.
• Section 5: Key findings: A summary of key findings and growth opportunities for Asia-Pacific's mobile broadband market.

'The ongoing expansion of 5G networks in developed markets and the planned launch of 5G services in some of the emerging markets over the next few years will create opportunities for MNOs to increase their ARPU levels.

Rural connectivity and digital inclusion initiatives taken up by local governments will lead to the continued expansion of LTE/4G networks, bringing high-speed wireless internet access to rural areas that are relatively underserved by 5G networks, thus driving higher data consumption.

M2M/IoT will witness the fastest growth in terms of subscriptions, at a CAGR of 13% over 2024-2029, driven by emerging IoT applications in industries such as utilities, automotive, manufacturing, gas meters, water meters, education, financial services, asset management, and logistics, among others.

Scope

• Unique mobile user penetration of population will reach an estimated 79.3% in 2024 and increase to about 82.9% in 2029 driven by mobile network coverage expansions, particularly in underserved countries and promotional/discounted plans offered by operators to drive subscriber growth.
• 5G subscriptions will reach 4.5 billion in 2029, in the Asia-Pacific region, with 5G services already launched in almost all developed markets, and emerging countries like Bangladesh, Pakistan, and Sri Lanka launching 5G services in 2024-2025.
• Mobile data service revenue will increase at a CAGR of 5.2% over 2024-2029, driven by rapid expansion and adoption of 5G services across the region

Reasons to Buy

• This Insider Report provides a comprehensive examination through forward-looking analysis of Asia-Pacific’s mobile broadband market trends in a concise analytical format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in Asia-Pacific’s mobile broadband markets.
• The report is designed for an executive-level audience, with charts and tables boasting presentation quality.
• The broad perspective of the report coupled with comprehensive actionable insights will help operators, equipment vendors, and other telecom industry players better position to seize the growth opportunities in Asia-Pacific's evolving mobile broadband market.