Telecommunication Services in Singapore
Summary
Telecommunication Services in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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 Singaporean telecommunication services market recorded revenues of $2.7 billion in 2023, representing a negative compound annual growth rate (CAGR) of 3.3% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 3.4% between 2018 and 2023, reaching a total of 15.1 million subscriptions in 2023.
- The growth in the market is attributed to the increase in mobile penetration. According to the World Bank, mobile penetration in Singapore reached 170.3 per 100 people in 2023, an increase of 0.4% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the telecommunication services market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the telecommunication services market in Singapore
- 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 Singapore telecommunication services market with five year forecasts by both value and volume
- What was the size of the Singapore telecommunication services market by value in 2023?
- What will be the size of the Singapore telecommunication services market in 2028?
- What factors are affecting the strength of competition in the Singapore telecommunication services market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore'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. Singapore Telecommunications Ltd
- 8.2. StarHub Ltd
- 8.3. M1 Ltd
- 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: Singapore telecommunication services market value: $ billion, 2018-23
- Table 2: Singapore telecommunication services market volume: million Subscriptions, 2018-23
- Table 3: Singapore telecommunication services market category segmentation: % share, by value, 2018-2023
- Table 4: Singapore telecommunication services market category segmentation: $ billion, 2018-2023
- Table 5: Singapore telecommunication services market geography segmentation: $ billion, 2023
- Table 6: Singapore telecommunication services market value forecast: $ billion, 2023-28
- Table 7: Singapore telecommunication services market volume forecast: million Subscriptions, 2023-28
- Table 8: Singapore Telecommunications Ltd: key facts
- Table 9: Singapore Telecommunications Ltd: Annual Financial Ratios
- Table 10: Singapore Telecommunications Ltd: Key Employees
- Table 11: StarHub Ltd: key facts
- Table 12: StarHub Ltd: Annual Financial Ratios
- Table 13: StarHub Ltd: Key Employees
- Table 14: M1 Ltd: key facts
- Table 15: M1 Ltd: Key Employees
- Table 16: Singapore size of population (million), 2019-23
- Table 17: Singapore real gdp (constant 2010 prices, $ billion), 2019-23
- Table 18: Singapore gdp (current prices, $ billion), 2019-23
- Table 19: Singapore inflation, 2019-23
- Table 20: Singapore consumer price index (absolute), 2019-23
- Table 21: Singapore exchange rate, 2018-23
- List of Figures
- Figure 1: Singapore telecommunication services market value: $ billion, 2018-23
- Figure 2: Singapore telecommunication services market volume: million Subscriptions, 2018-23
- Figure 3: Singapore telecommunication services market category segmentation: $ billion, 2018-2023
- Figure 4: Singapore telecommunication services market geography segmentation: % share, by value, 2023
- Figure 5: Singapore telecommunication services market value forecast: $ billion, 2023-28
- Figure 6: Singapore telecommunication services market volume forecast: million Subscriptions, 2023-28
- Figure 7: Forces driving competition in the telecommunication services market in Singapore, 2023
- Figure 8: Drivers of buyer power in the telecommunication services market in Singapore, 2023
- Figure 9: Drivers of supplier power in the telecommunication services market in Singapore, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the telecommunication services market in Singapore, 2023
- Figure 11: Factors influencing the threat of substitutes in the telecommunication services market in Singapore, 2023
- Figure 12: Drivers of degree of rivalry in the telecommunication services market in Singapore, 2023
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