Market trends within the Asia-Pacific region show drastic changes impacting telecommunication service providers. The COVID-19 pandemic is adding pressure on telco revenue and margins, particularly within the consumer segment. As a result, telcos are launching innovative service offerings, including digital solutions for consumers and ICT solutions for enterprises. The spending on Pay-TV will marginally decline, especially in developed markets, driven by competition, increased availability of alternative options for streaming services and the loss of live sports due to COVID-19.
There is still a significant demand for mobile data in the consumer market due to the increase in video consumption, the proliferation of mobile gaming and increased usage of high-bandwidth applications. There will also be a shift in consumers’ expectations; consumers are now looking for higher speeds to accommodate their increasing usage of high-bandwidth applications. 5G adoption will lean toward the enterprise segment, and consumer adoption will be slower. As a result, telcos are developing 5G use cases within vertical markets to create new business models and revenue streams to overcome disruption and disrupt.
In this webinar, Sofea Zukarnain, Research Associate, Frost & Sullivan's ICT practice, will share new market trends that create challenges and offer growth opportunities for telcos in Asia-Pacific. You’ll also:
• Gain insights into best practices of telecommunication service providers in Asia-Pacific.
• Recognize emerging market trends that will significantly impact the telecommunication industry in Asia-Pacific.
• Identify long-term growth opportunities enabled by emerging market trends in Asia-Pacific.