Telecommunication Services in Philippines
Summary
Telecommunication Services in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The telecommunication services market is defined as the total volume and value of both the fixed line and the wireless telecommunications market. The market volume here is defined as the number of fixed-line and wireless subscriptions.
- The Filipino telecommunication services market recorded revenues of $7.6 billion in 2023, representing a compound annual growth rate (CAGR) of 4.5% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 1% between 2018 and 2023, reaching a total of 139.8 million subscriptions in 2023.
- In 2023, the market value declined due to market saturation and reduced opportunities for customer acquisition. This led to intense competition among service providers, who used aggressive pricing strategies and discounts to retain their customer base.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the telecommunication services market in Philippines
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the telecommunication services market in Philippines
- Leading company profiles reveal details of key telecommunication services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Philippines telecommunication services market with five year forecasts
- What was the size of the Philippines telecommunication services market by value in 2023?
- What will be the size of the Philippines telecommunication services market in 2028?
- What factors are affecting the strength of competition in the Philippines telecommunication services market?
- How has the market performed over the last five years?
- What are the main segments that make up Philippines's telecommunication services market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the key market players?
- 7.2. What strategies do the key market players follow?
- 7.3. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Globe Telecom, Inc.
- 8.2. PLDT Inc.
- 8.3. Converge ICT Solutions Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Philippines telecommunication services market value: $ billion, 2018-23
- Table 2: Philippines telecommunication services market volume: million Subscriptions, 2018-23
- Table 3: Philippines telecommunication services market category segmentation: % share, by value, 2018-2023
- Table 4: Philippines telecommunication services market category segmentation: $ billion, 2018-2023
- Table 5: Philippines telecommunication services market geography segmentation: $ billion, 2023
- Table 6: Philippines telecommunication services market value forecast: $ billion, 2023-28
- Table 7: Philippines telecommunication services market volume forecast: million Subscriptions, 2023-28
- Table 8: Globe Telecom, Inc.: key facts
- Table 9: Globe Telecom, Inc.: Annual Financial Ratios
- Table 10: Globe Telecom, Inc.: Key Employees
- Table 11: Globe Telecom, Inc.: Key Employees Continued
- Table 12: PLDT Inc.: key facts
- Table 13: PLDT Inc.: Annual Financial Ratios
- Table 14: PLDT Inc.: Key Employees
- Table 15: PLDT Inc.: Key Employees Continued
- Table 16: PLDT Inc.: Key Employees Continued
- Table 17: PLDT Inc.: Key Employees Continued
- Table 18: Converge ICT Solutions Inc: key facts
- Table 19: Converge ICT Solutions Inc: Annual Financial Ratios
- Table 20: Converge ICT Solutions Inc: Key Employees
- Table 21: Philippines size of population (million), 2019-23
- Table 22: Philippines real gdp (constant 2010 prices, $ billion), 2019-23
- Table 23: Philippines gdp (current prices, $ billion), 2019-23
- Table 24: Philippines inflation, 2019-23
- Table 25: Philippines consumer price index (absolute), 2019-23
- Table 26: Philippines exchange rate, 2018-23
- List of Figures
- Figure 1: Philippines telecommunication services market value: $ billion, 2018-23
- Figure 2: Philippines telecommunication services market volume: million Subscriptions, 2018-23
- Figure 3: Philippines telecommunication services market category segmentation: $ billion, 2018-2023
- Figure 4: Philippines telecommunication services market geography segmentation: % share, by value, 2023
- Figure 5: Philippines telecommunication services market value forecast: $ billion, 2023-28
- Figure 6: Philippines telecommunication services market volume forecast: million Subscriptions, 2023-28
- Figure 7: Forces driving competition in the telecommunication services market in Philippines, 2023
- Figure 8: Drivers of buyer power in the telecommunication services market in Philippines, 2023
- Figure 9: Drivers of supplier power in the telecommunication services market in Philippines, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the telecommunication services market in Philippines, 2023
- Figure 11: Factors influencing the threat of substitutes in the telecommunication services market in Philippines, 2023
- Figure 12: Drivers of degree of rivalry in the telecommunication services market in Philippines, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook