South Korea Telecommunications Market Assessed by Pyramid Research in Topical Report Available at MarketPublishers.com08 Oct 2015 • by Natalie Aster
LONDON – South Korea is the 3-largest telecom services market in the APAC region, with estimated revenue of USD 44.8 billion, or with the average growth for nominal GDP is 3.1% in 2015. The total revenue from the telecom services in South Korea is expected to reach USD 53.8 billion by 2020, posting 3.7% CAGR, as price competition is set to remain intense and the uptake of fixed and/or mobile convergent services is poised to raise pressure on overall market revenue.
Mobile data will likely contribute around three-fourths of the total telecom revenue, fuelled by increased adoption of LTE services and continuous investments and R&D activities presently in progress for the deployment and launch of 5G services.
The revenue mix is expected to keep on being led by mobile services owing to ongoing investments in 5G and the advances of LTE technology by all 3 operators like SK Telecom, LG U+ and KT in the forthcoming years. The revenue from fixed and mobile data services is set to account for just under 60% of overall revenue by 2020.
Competition in the telecommunications market is stable with the presence of top leading players, however, it is anticipated to intensify in the short run due to the entry of a fourth mobile operator into the market.
Topical report “South Korea: Investments in 5G, IoT and GiGA Internet to Drive Future Telecom Growth” developed by Pyramid Research provides an overview of the current state of the South Korean telecommunications market, along with presenting granular forecasts of key performance indicators to 2020. The study presents insights into the telecom market size and trends compared to other countries in the region; reviews the economic, political and demographic context in the country; examines the regulatory framework and trends. It offers an analysis and historical data and forecasts of service revenue from the broadband, mobile data, mobile voice and fixed telephony; comprehensive analysis of each of the market sectors; discusses the evolution of services from 2013 to 2020. Furthermore, the report examines the competitive landscape and key services providers, and limelights major market opportunities.
South Korea: Investments in 5G, IoT and GiGA Internet to Drive Future Telecom Growth
Published: September, 2015
Price: US$ 990.00
More studies by the publisher can be found at Pyramid Research page.