Taiwan’s mobile service revenues are poised to grow at a compound annual growth rate (CAGR) of 5.3% from $6.2 billion in 2023 to $8.0 billion in 2028, driven mainly by the rising adoption of mobile data services, forecasts GlobalData, a leading data and analytics company.

Global Data’s Taiwan Mobile Broadband Forecast (Q3 2023) reveals that mobile voice service revenue will decline at a CAGR of 1.3% between 2023 and 2028 due to the falling voice average revenue per user (ARPU) levels resulting from the growing user preference for OTT/Internet-based communication platforms.

Mobile data service revenue, on the other hand, will increase at a CAGR of 7.3% over the same period, driven by the projected rise in the adoption of higher ARPU-5G services.

The average monthly mobile data usage is forecast to increase from 31 GB in 2023 to about 47.3 GB in 2028, driven by the growing consumption of high-bandwidth online entertainment and social media content over smartphones.

Kantipudi Pradeepthi, Telecom Analyst at GlobalData, says: “4G services will account for a majority share of total mobile subscriptions in 2023. However, 5G subscriptions will surpass that of 4G in 2024 and go on to account for over 90% of the total mobile subscriptions share in 2028, mainly due to increasing availability and adoption of 5G-enabled smartphones and the ongoing 5G network expansions by operators.

“Chunghwa leads the mobile services market in Taiwan as of 2023, followed by Taiwan Mobile and FarEasTone. Chunghwa will retain its leading position through 2028, thanks to further expansion of its 5G network in the country and its focus on accelerating 5G service adoption over its network by offering flexible pricing plans and diversified mobile value-added services such as music, movie, TV, and cloud gaming.”