The Total mobile subscriptions of Telecom industry in United Kingdom attained a value of 94,119.13 Thousand in 2020
The industry recorded a historical growth (CAGR) of 0.03% between 2017 to 2020, and is expected to decline by ...
GlobalData projects the industry to grow at a CAGR of ...
The Total mobile subscriptions of Telecom industry in the UK recorded a single-digit YoY growth in 2020
After a sharp YoY decline in 2018, the wireless telecommunication services market in the UK experienced healthy growth between 2018-2020.
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.
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.
Competitive Landscape
The UK experienced moderate growth in 2020. The wireless telecommunications market consists of four main leaders, Telefonica UK, BT, Vodafone and Hutchison 3G UK. The leading players are based in the UK, demonstrating the strong presence of the leading players in the market. The majority of the market players have a diversified presence across the globe, which helps them mitigate the risks of operating in a single country. M&A activity has been weak in this market, especially during 2020, as the COVID-19 outbreak acted as a hostile environment, forcing leading players to prioritize their day-to-day activities; however, M&A activity for the biggest of the leading players, with immense financial power supporting their decisions, was moderate to strong.
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