Belgium Telecommunications Industry Bright Prospects: Ken Research
This report also provides an in-depth analysis procured by the Country Intelligence Report, tapping on areas covering the regional context, economic, demographic and political context, regulatory environment and trends, demand profile, service evolution, competitive landscape, sector analysis of fixed telephony, broadband, mobile voice and mobile data services, and as well as the main opportunities for vendors and investors.
INDUSTRY OUTLOOK AND ECONOMIC GROWTH
The telecommunications industry has always been of paramount importance to the economy of the Belgium tapping on innumerable technology-related business sectors. Telecommunications, on elucidation can be unraveled as encompassing the advanced technology-based services including wireless communications, the Internet, fiber-optics and satellites in addition to the traditional areas of local and long-distance telephone service. Telecommunications can also be considered as one of major providers of employment in the world with mobile data and fixed broadband segments being at the core of the Belgium economy.
The telecom service revenue of Belgium, in the year 2016 was recorded to be USD 6.8bn (EUR6.3bn) with fixed broadband being the largest contributor to the overall service revenue while gauging 28.9 % of the total revenue along with the anticipation of recording a CAGR of 2.6 % over the years of 2016-2021, followed by mobile data gauging for 26.8 % along with the anticipation of recording a CAGR of 7.3 % over the same period. This growth is estimated to be prompted by the increased acquisition of LTE and M2M revenue. The overall telecom service revenue is also anticipated to reach USD 7.9bn (EUR6.9bn) in 2021 with the major emphasis being on the contribution of the internet access to fixed services revenue expected to grow from the numbers of 63.4% in 2016 to 68.2% in 2021.
Being at the core of Belgium economy, the telecom market is still relatively small despite of which it has obtained investment from some of the region’s major players, including Liberty Global and the Orange Group. Alongside, the competitive landscape over the recent years has seen dramatic developments endorsed by regulatory measures which entail cablecos to allow competitors access to their networks which has further led to the Orange Group to acquire the market for providing bundled services offerings which was formerly dominated by Proximus. Moreover, in early 2016, Telenet completed its procurement of the mobile provider BASE from KPN, which resulted to be the major driving force for Telenet in becoming the second largest telco in the country with TV and broadband sectors exerting their strong influence.
REASONS FOR GROWTH AND SCOPE
Several major factors can be identified contributing to the growth of telecommunications such as the reposition of business and commercial telephones to VOIP (Voice Over Internet Protocol) services, that is, telephone via the Internet; a switch from landline services to wireless in personal and telephone use ; ascending growth in the amount of data and video accessed via the Internet and over wireless devices for the purposes of information and entertainment; the growing contention between cable and wired services providers and as well as the escalating preference for the use of smart phones over the fixed telephones or PC’s. In addition, several other factors like ingenuity, innovation, cost control, coalition between large companies and a logical approach to spending and investment will boost the development of the telecom industry subsequently.
Furthermore, with the progression in the governmental regulations, the business strategies are likely to undergo profound changes. In the same line, the practices of internet carriers in both the US and Europe appear to be majorly controlled by the regulators. All-inclusive of the above mentioned facts and figures, it can be concluded that the continuous technological and economic flux driven by intense competition and new technologies attempts to forge substantial impact over the telecommunications industry.
For more coverage click on the link below:
For similar reports
Ankur Gupta, Head Marketing & Communications
Ken Research is a Global aggregator and publisher of Market intelligence research reports, equity reports, data base directories and economy reports. Our market research reports provides market sizing analysis, insights on promising industry segments, competition, future outlook and growth drivers in the space. The company is engaged in data analytics and aids clients in due-diligence, product expansion, plant setup, acquisition intelligence to all the other gamut of objectives through our research focus.
27A, TOWER B-2, SPAZE I TECH BUSINESS PARK, SOHNA ROAD, SECTOR 49
GURGAON, HARYANA - 122001, INDIA
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Belgium Telecommunications Industry Bright Prospects: Ken Research here
News-ID: 472413 • Views: 179
More Releases from Research News Today
International players to invert share in Spain, setback for marginal sellers in …
There is a slight decline in the unemployment rate, just after the recovery of Spanish economy. There was encouragement for consumers to buy more luxury goods as there was increase in disposable income due to recovery of modest economy. Over the recovery period, there was change in attributes to spending that occurred and there was reticement about excessive expenditure by Spanish consumers on an average basis. Luxury jewellery has recorded
Altering social media dynamics and major alliances to amend luxury eyewear trend …
Eyewear refers to anything that is worn to protect the eyes or help in correcting the vision. The people are now frequently having eye examinations and are increasingly becoming aware about their health. This has led to a rise in demand for corrective eyewear. Eyewear is also becoming an essential part of accessories of people. This has also increased the demand for eyewear. Luxury eyewear in order to make a
Elevating Demand for Beauty and Weight Loss Supplements Coupled with Economic St …
Aging Population leading to increased Prevalence of Chronic Diseases in the Country to Drive Nutraceuticals Market in Japan The demand for beauty and weight loss supplements has been increasing over the years owing to the large number of target audience including people who have little time to eat healthy or spend time in exercising at a gym. Japan is considered as a health, beauty and body conscious society. Moreover, people are
Kuwait Facility Management Market Outlook to 2021 - Growing Retail Industry and …
Kuwait Facility Management Market Outlook to 2021 - Growing Retail Industry and Upcoming Infrastructure Projects to Drive Market Growth" provides a comprehensive analysis on the facilities management market in Kuwait. The report covers various aspects such as overall size of Kuwait facilities management market size in terms of revenues, Market segmentation of Kuwait facilities management market on the basis of types of services, by integrated, bundled and single services, Business
More Releases for Belgium
Payments Market Overview of the Belgium 2017
Orbis Research Present’s “Payments in Belgium 2017: What Consumers Want” magnify the decision making potentiality and helps to create an effective counter strategies to gain competitive advantage. "Payments in Belgium 2017: What Consumers Want", report examines the consumer payments market in Belgium, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market. Request a
Consumer Payments Country Snapshot: Belgium 2016
The Belgian payments market is highly developed, with consumers very comfortable using debit cards. Belgian consumers are very comfortable with established payment instruments, with domestic payment method Ban contact the most commonly used card scheme in the country. However, online commerce and mobile proximity payments will gain traction among Belgian consumers provided use cases and advantages over traditional payment tools are highlighted during the early stages of adoption. This report examines
Belgium Intelligence Market -Proximus, Orange Belgium, Telenet, Lycamobile
Summary: Market Analysis Research Report on “2017 Market Research Report on Global Zinc Plated Mild Steel Industry” has been added to orbis research database. Description: "Belgium: Country Intelligence Report", by GlobalData provides an executive-level overview of the telecommunications market in Belgium today, with detailed forecasts of key indicators up to 2021. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform
Agrochemicals Market in Belgium
ReportsWorldwide has announced the addition of a new report title Belgium: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Belgium: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Smokeless Tobacco in Belgium, 2017
ReportsWorldwide has announced the addition of a new report title Smokeless Tobacco in Belgium, 2017 to its growing collection of premium market research reports. "Smokeless Tobacco in Belgium, 2017" is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Belgian tobacco market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail
Consumer Payments Country Snapshot: Belgium
Summary Belgium has one of the more developed payment card markets globally, having seen steady growth in payment card issuance and usage over the past few years, even in the face of the global financial downturn. However, due to its strong economy and the high level of card penetration the market is becoming saturated, with fierce competition between card issuers. Consumers in Belgium have a much stronger preference towards the usage