Hungary- Telecoms, Broadband and Mobile Statistics and Analyses: Robust Telecommunication Market Boosts Hungary’s Economy

The Hungarian fixed telephony market depends upon the existence of local telephone operators by a geographical division. The three companies named as significant market power (SMP) are the pioneers in telecos operations: Magyar Telekom, Invitel and UPC. Though telecom revenue was hit hard by the economic turmoil in 2008-09, the surge in the disposable income has boosted the market. These insights are according to the report titled “Hungary Telecoms Mobile and Broadband Statistics and Analyses” which has been recently added to the repository of Market Research Hub.

The three incumbents’ market shares have continued to plunge over the past few years owing to the stiff competition from cable operators. On the other hand, television persists to have a huge role in the Hungarian telecommunication market. According to the National Regulatory Authority, about 90% of all households have a pay TV service and almost 50% of them subscribe to it through a bundled offer. As of May 2018, Liberty Global made a consent to sell its cable unit—UPC Hungary to Vodafone Group; the deal is projected to enhance the position of Vodafone in the bundle service market.

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The super-fast broadband reach to the previously shunned areas can be attributed to the deal struck by the government with the telecos giant Maygar Telekom and other operators in the last quarter of 2015. Maygar Telekom has taken the Hungary’ telecommunication market to new heights by launching a 2Gb/s fibre service and NB Internet of Thing platform. The market has been further bolstered by the investment of whooping HUF 150 billion done by Hungarian government to provide universal 30Mb/s broadband services. Moreover, the reality of bringing broadband reach in every nook and cranny of Hungary has been bolstered by the cut-throat competition in the broadband market. Apart from that, healthy competition is being witnessed between cable network and DSL services.

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Hungary- Telecoms, Broadband and Mobile Statistics and Analyses: Report Content

The analysis of this report provides a thorough assessment on the Hungary- Telecom, Broadband and Mobile Statistics and Analyses market. Furthermore, the report gives an in-depth analysis with regards to market size— production, value and consumption  Essentially, the report delves into major drivers, restraints, trends, predominant players in the market and product categories along with market estimation. Besides, the report gives an over-view on the fixed line, broadband and mobile sectors.

The report comprises of the regulator’s market data to June 2018, recent market developments and operating data to second quarter of 2018. Also, the report gives a thorough analysis on the acquisitions and launch of products or services.

The report starts with the executive summary which highlights market size in terms of revenue, market value and production. In addition, an exhaustive analysis of the competitive landscape highlights profiles of eminent players in the global market space. Moreover, the report also assesses the strategic moves, areas of interest, and developments undertaken by major players in the market.

Hungary- Telecoms, Broadband and Mobile Statistics and Analyses: Research Methodology

A robust research methodology has been adopted with regards to providing a dynamic research approach consisting of secondary and primary research. The insights in the report is the result of the exhaustive secondary research, primary interviews and in-house reviews by panel of experts.

The secondary research includes but is not limited to SEC filings, company websites and presentations by investors, industry white paper and statistical database. Whereas, the primary research incorporates face to face interviews, phonic interviews and phonic interviews coupled with honest reviews of the shelf label market regardless of geographies. To provide the readers with authentic report, a panel of expert sifts the data collected from different sources.

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This release was published on openPR.