China Telecommunication Market Poised to Witness Strong Revenue Growth till 2023: 5G and FTTH Deployments Boost Broadband Penetration

Over the years, China has experienced remarkable transformation and growth in its telecommunications industry. A new study, offering a complete outlook on China telecommunications market’s development until the end of 2023 in terms of revenue (in US$ Mn) and CAGR, has been publicized to the online repository of Market Research Hub (MRH). The study is titled as “China: Country Intelligence Report” which offers comprehensive analysis covering telecom and pay-TV services market outlook, telecom service revenue, mobile services and fixed services.

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In addition, the report highlights quantitative and qualitative insights pertaining to the China telecom market by mentioning recent trends and strategies adopted by key stakeholders actively involved in the China telecommunications market. This country intelligence study initiates with the demographic and macroeconomic context in China. 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 are elaborated in the study.

Key Highlights from the study

According to the study key findings, overall telecom service revenue in China will grow at a remarkable CAGR of 5.3% in terms of US$ (4.8% in local currency) during the forecast period of 2018-2023. It has been also reported that telecom service revenue growth in China will be driven by the mobile data, fixed broadband, fixed voice and pay-TV segments. Pay-TV revenue will witness an increasing trend primarily driven by rising adoption of IPTV services.

It has been also examined that the mobile telephone sector has been the most profitable in China's telecommunications market. Mobile revenue will account for 63.7% of total telecom revenue in 2023, driven by increasing adoption of mobile broadband and 4G services. This is primarily, driven by rising consumption of online content over mobile devices, in line with rapid proliferation of smartphones and widespread 4G networks, and proposed launch of 5G services by 2020. A major trend observed during the study is 4G will be the most adopted mobile technology over the 2018-2023 period. Rising demand for high-speed data services and nationwide LTE network expansion will drive subscriber growth. Analysts expect 5G to be commercially available by 2020.

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Moreover, the report provides an easily digestible market assessment for decision-makers and investors by explaining them a snapshot of competitive state. This section provides an examination of the positioning of leading players in the telecom and pay-TV services market as well as subscription market shares across segments. Analysis of the financial position of leading service providers is also presented. According to the report, operators will focus on data-centric services and invest in 5G and FTTH deployments to boost broadband penetration in the country, which will provide significant opportunities for vendors and investors in the coming years.

At present, key players active in the market are China Mobile, China Unicom and China Telecom. The top two mobile operators, China Mobile and China Unicom, will account for 79% share of overall mobile subscriptions in 2018.

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This release was published on openPR.