China’s Telecom Market to See 3.7% CAGR through 2021, States Pyramid Research in Its New Report Recently Uploaded at MarketPublishers.com25 Aug 2016 • by Natalie Aster
LONDON – In the past year the Chinese telecommunications market generated around USD 199 billion in service revenue. Furthermore, between 2016 and 2021 the country’s telecom service revenue is anticipated to grow at a 3.7% CAGR, driven majorly by the continuous growth in data revenue.
Through 2021, mobile data and broadband segments are predicted to see the highest growth rates. At present, local operators tend to focus on 5G technology trials, expansion of LTE networks and also fiber network deployments. Moreover, substantial investments in the country’s network expansion and modernisation are expected to enable operators to monetise the increasing demand for data services.
China Mobile will likely dominate the Chinese telecom marketplace as the leading operator in the upcoming years. It will be followed by China Telecom and also China Unicom. China’s operators are anticipated to continue investing in the expansion of fixed and mobile networks as well as in the deployment of 5G technology in order to gain a competitive advantage in the domestic market.
Topical report “China: 4G Network Expansion and Fiber Deployment Are High on Operators' Agenda While Facing Greater Competition” by Pyramid Research provides access to a detailed analysis of the current state of the Chinese telecommunications market, explores the domestic market dynamics, reviews the currently prevailing and emerging market development trends, discloses data on the key market growth drivers and limiters as well as identifies top growth areas and opportunities. The report contains an assessment of the major risk factors, discusses key challenges, delves into competitive environment, gives info on top players in the Chinese telecommunications market and also outlines future market growth prospects up till 2021.
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