Singapore Telecom Operators Country Intelligence Report
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Singapore Telecom Services Market Overview
The total telecom and pay-TV service revenue in Singapore, when valued in local currency, is expected to increase at a CAGR of 0.3% during 2023-2028, primarily supported by fixed broadband and mobile data segments. However, when valued in the US dollars, the revenue seems to decline at a CAGR of 0.2% during the same period, due to the strengthening of the US dollar against the local currency.
Singapore Telecom Services Market Outlook, 2023 – 2028 ($Billion)
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The Singapore telecom operator’s country intelligence report provides an executive-level overview of the telecom services market in Singapore 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 | $3 billion |
CAGR | <1%(Decline) |
Forecast Period | 2023-2028 |
Telecom Service Segment | Mobile Services, Fixed Voice Services, Fixed-Broadband Services and Pay-TV Services |
Leading Companies | Singtel, Mobile(M1) Singapore, StarHub, TPG Telecom, Circles.Life |
Singapore Telecom Services Market Regulatory Highlights
In May 2023, the IMDA confirmed its plans to allocate 500 MHz of spectrum in the 6 GHz band to facilitate enhanced WiFi connection throughout Singapore.
Singapore Telecom Services Market Segmentation by Service
- Mobile services
- Fixed services
- Pay-TV services
Singapore Telecom Services Market Analysis by Service
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Mobile Services Market in Singapore – Deep Dive
Total mobile subscriptions in Singapore will account for a mere 0.2% share of total mobile subscriptions in the Asia-Pacific region in 2023.
Average monthly mobile voice usage in Singapore will decline during 2023-2028, in line with the increasing user preference for OTT-based voice communication alternatives.
The Singapore telecom services market research report offers mobile services segment coverage on the 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 Singapore – Deep Dive
The number of fixed voice lines will decline during 2023-2028, due to a steady loss in circuit-switched lines. Fixed broadband lines, on the other hand, will grow during the same period, supported by a continued rise in FTTH/B subscriptions on the back of government initiatives to further expand and upgrade fiber broadband connectivity in the country.
The Singapore telecom services market research report offers fixed services segment coverage on the 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
Pay-TV Services Market in Singapore – Deep Dive
IPTV will be the sole platform to deliver pay-TV services in Singapore during the forecast period 2023-2028.
The Singapore telecom services market research report offers pay-TV services segment coverage on the following KPIs:
- Pay-TV Household Penetration Analysis
- Subscription Analysis by Technology Type
- Pay-TV Subscription Market Share Analysis
- Revenue Analysis & ARPU Analysis
Singapore Telecom Services Market - Competitive Landscape
Singtel will lead the mobile, fixed voice, fixed broadband, and pay-TV segment, in 2023. The operator’s leadership in the mobile segment is supported by its strong foothold in both the prepaid and postpaid segments. The operator is also focusing on 5G network development and expansions. StarHub will hold second place in mobile, fixed voice, fixed broadband, and pay-TV segment in 2023.
Leading Telecom Companies in Singapore
- Singtel
- Mobile(M1) Singapore
- StarHub
- TPG Telecom
- Life
Singapore Telecom Services Market Analysis 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 Singapore.
- 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 Singapore’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 Singapore’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 Singapore’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 Singapore.
StarHub
Mobile (M1) Singapore
Simba Telecom
Table of Contents
Frequently asked questions
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What will be the Singapore telecom services market size in 2023?
The telecom services market size in Singapore is estimated to be $3 billion in 2023.
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What will be the Singapore telecom services market growth rate?
The telecom services market in Singapore is likely to decline at a CAGR of less than 1% during the forecast period 2023-2028.
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What are the key telecom service market segments in Singapore?
Mobile services, fixed voice services, fixed-broadband services, and Pay-TV are key service segments in the telecommunications services market in Singapore.
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Which are the leading telecom companies in Singapore?
The leading companies in the telecommunications services market in Singapore are Singtel, Mobile(M1) Singapore, StarHub, TPG Telecom, and Circles.Life.
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