TECH SUPPLIER Nov 2020 - Market Analysis Perspective - Doc # AP45983320

Market Analysis Perspective: Asia/Pacific (Excluding Japan) Mobile Services Market, 2020 ― Assessment and Forecast

By: Abhishek MukherjeeSenior Market Analyst

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Abstract

The Asia/Pacific (excluding Japan) (APEJ) mobile connections and spending market has witnessed a significant traction in number of connections from 2016 to 2019. Mobile connections in APEJ reached 5.1 billion and recorded a spending of US$236 billion in 2019. More than 80% of them are data connection, growing 2.1 times from 2016 to 2019. Increased content consumption and voice and video over IP network and services access through smartphones led to an increase in connection at a compound annual growth rate (CAGR) of 8% for five years.

Spending on mobile voice, data, and other services has declined by nearly 3%, owing to stiff competition among carriers, cost-effective service offerings, and reduced revenues in voice due to bundling.

This Market Analysis Perspective provides a five-year forecast of mobile services market in terms of connections and spending in APEJ across mobile data, voice, and other services along with key trends and factors that influence the forecast.


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