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Telecom Service Revenue In Singapore Is Estimated To Grow At A CAGR Of 1.5% During 2016-2021
In 2016, Singapore's telecom services market will decline 1.7% over 2015. This is partly due to the substitution of fixed telephony services by mobile voice and OTT apps. Mobile data will remain the largest revenue contributing segment and the growth will be driven by telcos investments to enhance speeds and coverage. In addition, telcos are investigating new areas including 5G technology, smart city/IoT/M2M, cyber security, managed services, OTT video and data analytics to diversify their revenue streams. Browse Detail Market Report @ http://www.hexareports.com/report/singapore-embracing-smartnation-telco-media-convergence-and-fixed-mobile-competition Key Findings: The overall telecom service revenue in Singapore is estimated to grow at a CAGR of 1.5% during 20162021. Mobile revenue will account for 63.7% of the total telecom revenue in 2021. The Singapore telecom market will be dominated by Singtel, Star Hub and M1. Operators will continue to invest on 4G coverage expansions and deployment of fiber-optic network to boost the data connectivity to support government's Smart Nation initiative. The entry of new fixed and mobile operators will result in greater competition. The country saw the merger of the telco and media regulators and operators are already offering converged telco/media services.