Panama Telecom Operators Country Intelligence Report

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Panama Telecom Operators Country Intelligence Report Overview

The total telecom and pay-TV service revenue in Panama was $1.4 billion and will grow at a CAGR of more than 1% supported by growth in the mobile data, pay-TV, and fixed broadband segments. The Panama telecom services market growth is also attributed to the telecom regulator’s efforts on spectrum allocation to enhance capacity for 5G networks.

Panama Telecom Services Market Outlook, 2023-2028 ($ Billion)

Panama Telecom Services Market Outlook, 2023-2028 ($ Billion)

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The ‘Panama Telecom Operators Country Intelligence report provides an executive-level overview of the telecom services market in Panama today, with detailed forecasts of key indicators up to 2028. 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, mobile, and Pay-TV markets, as well as a review of key regulatory trends.

Market Size 2023 $1.4 billion
CAGR >1%
Forecast Period 2023-2028
Telecom Service Segment Mobile Services, Fixed Voice Services, Fixed-Broadband Services, and Pay-TV services
Leading Companies Tigo Panama, Cables & Wireless Panama
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Panama Telecom Services Market Regulatory Highlights

Panama plans to reform its telecommunications law in 2024 to modernize the sector’s legislation and the ASEP announced that the International Telecommunications Union (ITU) is advising the regulator during the initial phase of normative analysis.

Panama Telecom Services ESG Highlights

Telcos in Panama are concentrating on their ESG initiatives as a part of their growing commitment to environmental protection, social responsibility, and good governance.

Panama Telecom Services Market Analysis by Service

  • Mobile Services
  • Fixed Services
  • Pay-TV Services

Panama Telecom Services Market Share by Service, 2023-2028 (%)

Panama Telecom Services Market Share by Service, 2023-2028 (%)

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Mobile Services Market in Panama– Deep Dive

Prepaid services accounted for a majority share of total mobile subscriptions in 2023 and will remain the dominant service category through 2028, driven operators promoting device bundled plans with additional benefits.

Average monthly mobile voice usage in Panama will decline during 2023-2028 with subscribers shifting to OTT-based communication solutions.

The Panama telecom services market research report offers mobile services segment coverage on the following KPIs:

  • Mobile subscription penetration and subscription by device type
  • Mobile subscriptions by payment type, mobile subscriptions by technology generation, 2022-2028
  • Data usage and traffic
  • Mobile ARPU by payment type and service revenue by type

Fixed Services Market in Panama- Deep Dive

VoIP lines will grow at a CAGR of more than 10% during the 2023-2028 period, supported by the ongoing expansion of fixed broadband networks, which deliver high-quality VoIP services to residential and business customers.

The Panama telecom services market research report offers fixed services segment coverage on the following KPIs:

  • Fixed service penetration and subscription
  • Voice telephony by technology, fixed broadband lines by technology
  • Fixed ARPU and Service revenue by service type

Pay-TV Services Market in Panama- Deep Dive

Pay-TV service revenue will incline during 2023-2028 supported by IPTV and cable TV subscription gains.

The Panama telecom services market research report offers Pay-TV services segment coverage on the following KPIs:

  • Pay-TV penetration and subscription
  • Pay-TV ARPU by type and service revenue

Panama Telecom Services Market - Competitive Landscape

Tigo Panama led all service segments in 2023, its leadership in the market is supported by its strong foothold in mobile, cable internet, fiber, and pay-TV segments.

Leading Telecom Companies in Panama

  • Tigo Panama
  • Cables & Wireless Panama

Panama Telecom Services Market Share by Companies, 2023 (%)

Panama Telecom Services Market Share by Companies, 2023 (%)

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Scope

The country intelligence report provides an in-depth analysis of the following:

  • The demographic and macroeconomic context in Panama.
  • The regulatory environment and trends: A review of the regulatory setting and agenda for the next 18-24 months as well as relevant developments about spectrum licensing, national broadband plans, tariff regulation, and more.
  • Telecom and Pay-TV services market outlook: Analysis as well as historical figures and forecasts of service revenue from the fixed telephony, broadband, mobile voice, mobile data, and Pay-TV markets.
  • The competitive landscape: An examination of the positioning of leading players in the telecom and pay-TV services market as well as subscription market shares across segments.
  • Company snapshots: Analysis of the financial position of leading service providers in the telecommunications and Pay-TV 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 Panama’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 Panama’s mobile communications, fixed telephony, and 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 Panama’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 Panama.

Tigo Panama
Cable & Wireless Panama
Digicel Panama
Claro Panama

Table of Contents

  • 1. Market highlights
  •  Key takeaways, Country Telecom Market Snapshot 2023-2028, revenue CAGR and penetration by service type, 2023 penetration in regional context

  • 2. Operating Environment
  •  Economic outlook (Population, GDP, CPI, and Exchange rate)
  •  GlobalData country risk index (GCRI) Q3 2023
  •  Country risk analysis Panama compared to the LA and the world.
  •  Regulatory context, highlights, Analog Signal Switch-off, spectrum allocation, tender for new mobile operator.
  •  ESG highlights and developments.

  • 3. Telecom services market outlook
  •  Total telecom and pay-TV services revenue by category, 2022-2028

  • 4. Mobile services market
  •  Mobile subscription penetration and subscription by device type
  •  Mobile subscriptions by payment type and Mobile subscriptions by technology generation, 2022-2028
  •  Data usage & traffic
  •  Mobile ARPU by payment type and Service revenue by type

  • 5. Fixed services market
  •  Fixed service penetration and subscription
  •  Voice telephony lines by technology, fixed broadband lines by technology
  •  Fixed ARPU and Service revenue by service type

  • 6. Pay-TV services market
  •  Pay-TV penetration and subscription
  •  Pay-TV ARPU by type and Service revenue

  • 7. Subscriptions market share by service area
  • 8. Competitive landscape and company snapshots
  •  Product portfolios and positioning, Service offerings by service provider, 2023
  •  Company snapshot: Tigo Panama
  •  Company snapshot: Cables & Wireless Panama

  • 9. Appendix
  •  Baseline forecast assumptions.
  •  Data tables
  •  Glossary
  •  Research Methodology
  •  Contact us.

Frequently asked questions

Panama Telecom Operators Country Intelligence Report standard reports
Currency USD
$1,295

Can be used by individual purchaser only

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Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


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