Fixed communication services revenue in Singapore is expected to decline at a compounded annual growth rate (CAGR) of 2.2 percent from US$765 million in 2021 to US$683 million in 2026, GlobalData predicts.
In part, the decline will be caused by a steady drop in circuit switched subscriber lines and slower growth in fixed broadband subscriptions.
Circuit switched subscriptions are expected to drop at a cumulative average growth rate of -0.4 percent over 2021-2026 as users continue to shift towards mobile and internet-based communication services, the company says.
Voice revenue, in the past the chief driver of connectivity provider service revenue, peaked between 2000 and 2003 globally, so the Singapore trend is not at all unusual.
Mobility services have driven global revenue growth in the telecom industry for a few decades.
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