Honduras Telecom Operators Country Intelligence Report
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Honduras Telecom Services Market Report Overview
The telecom services market size in Honduras was valued at $900 million in 2022. The market is expected to grow at a CAGR of 4.2% during the forecast period, 2022-2027. The government’s national broadband plan to boost broadband connectivity in the country will be one of the key drivers supporting the Honduras telecom market growth. The continued 4G network coverage and the planned commercial launch of 5G services in 2024 to improve mobile adoption will also create opportunities for telecom network vendors.
The Honduras services market report provides an executive-level overview of the telecommunications market in Honduras today, with detailed forecasts of key indicators up to 2027. Published annually, the report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by service type and technology/platform across the fixed telephony, broadband, and mobile markets, as well as a review of key regulatory trends.
Honduras Telecom Services Market Outlook, 2022-2027 ($ million)
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Honduras Telecom Services Market Regulatory Highlights
In March 2022, CONATEL requested the country’s telcos to establish a cooperative work team to discuss concepts and goals that would enhance the development of telecom services in the country. In order to close the digital gap, CONATEL seeks to collaborate with telcos to provide improved access to low cost, high-quality telecom services.
Honduras Telecom Services Market Analysis by Service
- Mobile services
- Fixed services
Honduras Telecom Services Market Share by Service, 2022 (%)
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Mobile Services Market in Honduras – Deep Dive
Mobile subscription penetration of the population in Honduras will grow during the forecast period, driven by increasing demand for mobile data communication services and operator investment to expand network coverage to underserved areas. Prepaid services accounted for the largest share of total mobile subscriptions in 2022. Postpaid subscription share will grow over the forecast period, driven by increasing adoption of M2M/IoT services and telcos offering additional benefits with postpaid plans.
The Honduras telecom services market research report offers mobile services segment coverage on following KPIs:
- Subscription & User Analysis
- Subscription Analysis by Device Type, Payment Type and Technology Type
- Churn Analysis
- Voice & Data Usage Analysis
- Mobile Subscription Market Share Analysis
- Revenue Analysis & ARPU Analysis
Fixed Services Market in Honduras – Deep Dive
Fixed broadband penetration of the population will increase during the forecast period, supported by efforts from the government in expanding fixed broadband coverage across the country. Cable internet will continue to be the leading technology to deliver fixed broadband services across the country over the forecast period.
The Honduras telecom services market research report offers fixed services segment coverage on following KPIs:
- Fixed Voice & Fixed Broadband Penetration Analysis
- Subscription Trends Analysis by Access Lines
- Subscription Analysis by Technology
- Fixed Subscription Market Share Analysis
- Revenue Analysis & ARPU Analysis
Honduras Telecom Services Market - Competitive Landscape
Tigo Honduras led the mobile services market in 2022, thanks to its strong focus on mobile network expansion and modernization. Tigo Honduras also led the fixed broadband services markets, supported by its strong foothold in the cable internet segment. Hondutel led the fixed voice services market, thanks to its strong presence in the circuit-switched segment.
Leading Telecom Companies in Honduras
- Tigo Honduras
- Claro Honduras
- Hondutel
- MultiData
- MultiFon
Honduras Telecom Services Market Share by Companies, 2022 (%)
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Honduras Telecom Services Market Research Overview
Market Size 2022 | $900 million |
CAGR | 4.2% |
Forecast Period | 2022-2027 |
Telecom Service Segment | Mobile Services and Fixed-Broadband Services |
Leading Companies | Tigo Honduras, Claro Honduras, Hondutel, MultiData, MultiFon |
Honduras Telecom Services Market Scope
The country intelligence report provides an in-depth analysis of the following –
- The demographic and macroeconomic context in Honduras.
- The regulatory environment and trends: a review of the regulatory setting and agenda for the next 18-24 months as well as relevant developments pertaining to spectrum licensing, national broadband plans, tariff regulation, and more.
- Telecom services market outlook: analysis as well as historical figures and forecasts of service revenue from the fixed telephony, broadband, mobile voice, and mobile data markets.
- The competitive landscape: an examination of the positioning of leading players in the telecom services market as well as subscription market shares across segments.
- Company snapshots: analysis of the financial position of leading service providers in the telecommunications markets.
- Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.
Reasons to Buy
- This country intelligence report offers a thorough, forward-looking analysis of Honduras’s telecommunications markets, service providers, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
- Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in Honduras’s mobile communications, fixed telephony, broadband markets, including the evolution of service provider market shares.
- With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
- The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in Honduras’s telecommunications markets.
- The broad perspective of the report coupled with comprehensive, actionable detail will help operators, equipment vendors, and other telecom industry players succeed in the challenging telecommunications market in Honduras.
Claro Honduras
Hondutel
Multidata
Sky Honduras
Multifon
Table of Contents
Frequently asked questions
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What was the Honduras telecom services market size in 2022?
The telecom services market size in Honduras was valued at $900 million in 2022.
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What is the Honduras telecom services market growth rate?
The telecom services market in Honduras is expected to grow at a CAGR of 4.2% during the forecast period, 2022-2027.
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What are the key telecom services market drivers in Honduras?
Government’s national broadband plan to boost broadband connectivity in the country, and continued expansion of 4G services across the country and the planned commercial launch of 5G services in 2024 will be key drivers supporting the telecom services market growth in Honduras.
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What are the key telecom service market segments in Honduras?
Mobile services and fixed-broadband services are key service segments in the telecommunications services market in Honduras.
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Which are the leading telecom companies in Honduras?
The leading companies in the telecommunications services market in Honduras are Tigo Honduras, Claro Honduras, Hondutel, MultiData, and MultiFon.
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