27 Oct 2020
Posted in Technology
Philippines mobile service revenue to register 6.2% CAGR over 2020-2025, forecasts GlobalData
The total mobile services revenue in the Philippines is set to increase at a compound annual growth rate (CAGR) of 6.2% from US$3.7bn in 2020 to US$5.0bn in 2025, mainly led by the considerable growth in mobile broadband service revenues, according to GlobalData, a leading data and analytics company.
GlobalData’s Philippines Telecom Operators Country Intelligence Report forecasts that mobile messaging revenue will continue to drop while mobile voice revenue will see a steady growth over the forecast period. Mobile data service revenue, on the other hand, will grow at a robust CAGR of 8.5% over the forecast period, driven by the rising adoption of higher average revenue per user (ARPU) 4G plans and the evolution of 5G services.
Aasif Iqbal, Telecom Analyst at GlobalData, says: “4G services will surpass 3G in total mobile subscription share in 2021 and will remain the leading technology through the forecast period, supported by continued LTE network expansions by operators such as Globe Telecom and PLDT. 5G services, on the other hand, will account for 17.5% share of the total mobile subscriptions by 2025-end.”
Globe Telecom plans to launch 5G services for mobile users by this year end. Globe looks to expand 5G services in key urban areas and business districts of the country after its commercial launch, which will help the operator retain its leading position during the forecast period.