The Total mobile subscriptions of Telecom industry in Canada attained a value of 45,053.46 thousand in 2023
The industry recorded a historical growth (CAGR) of 5.24% between 2020 to 2023, and is expected to grow by ...
GlobalData projects the industry to grow at a CAGR of ...
The Total mobile subscriptions of Telecom industry in Canada recorded a single-digit YoY growth in 2020
The wireless telecommunication services market in Canada experienced healthy growth between 2017-2020.
Voice subscriptions had the highest volume in the UK wireless telecommunication services market in 2020. Voice subscriptions was the most successful segment for the market in 2020. As consumers were forced to stay and work from home due to the coronavirus pandemic, they had to use their mobile phones to communicate, due to the lack of fixed line telephones. Voice contracts have been proven to be cheaper than fixed line contracts, increasing the subscriptions for the segment in 2020.
The wireless telecommunication market is highly capital-intensive; the presence of a few powerful incumbents which have set up infrastructure, and benefit from economies of scale and brand awareness, is likely to dissuade potential new entrants. A potentially lower cost mode of entry is to operate as an MVNO, but this business model is still costly when competing with incumbents. Auctions are the prevalent method for allocating spectrum worldwide. As a matter of fact, the only way for a prospective player to enter the market is the allocation of additional spectrum by the regulator in a new auction or the purchase of spectrum from an incumbent which could usually be a part of a takeover.
Impact of COVID-19 on mobile subscriptions
The wireless telecommunications services market has been affected by the COVID-19 outbreak in 2020. Consumers have been forced to stay and work from home. This situation increased demand for fixed line internet services, but it reduced demand for mobile data. Mobile data subscriptions have become a very important segment for the market, and demand for mobile data has been driving growth in the market. Therefore, the lower demand for mobile data in 2020 put pressure on the revenue and margins of the leading players.
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